Try to seize? SEIZE? it is not physical monies. A simple matter of FedGov overriding computers and all that stuff magically disappears. They do not have to TRY.
Cashing out a 401k early results in losing 40-45%. But 60% is still more than 0%.
Myself, I cashed out a portion last year and paid off my home, am now essentially debt free. Just waiting for this house of cards to fall.
Same here. Squeezed out life hard to pay off our house and outstanding car debt. Small amount of debt now. Have a good amount in an 401K, but keeping a sharp eye on these people. Like you said 60% of something is better than 100% of nothing.