"401k and IRAs are unfair to poor people".
Yep, this is what's coming, folks. None of it is YOUR money any more. It's THEIR money for distributing to the masses.
The good news is there is no chance in hell of this happening for at least a few years.
Instead of cashing out your 401k or IRA, if you can take a loan you may want to consider doing that. The day is coming when unless you're holding it in your hot little hands, you don't really own it at all, or you won't have access to it. And even physically holding dollars will be a joke because of the devaluation that is going to have to happen.
Last edited by cowboy1964; 11-15-2012 at 17:58..