What plan? Those are individual accounts, remember? You wanted control of your investments while being able to save pre-tax dollars (and get a matching contribution from your employer) because "social security's not going to be there for me" (a lie, BTW), and you wanted control over your investments so you could maximize your return. As a result, all of corporate America moved from defined-benefit programs to defined-contribution. Ok, you got control, you got to make the decisions, now you want the "nanny state" to guarantee your outcome?
#14 | POSTED BY WHODAMAN
Somehow you lost the context of my poast in your rant. I'll try again.
When people save their own money in a retirement account such as a 401 or an IRA, most invest that money in the market. When the market does good, mama is glad.
If some socialist (communist) blood clot intentionally upsets the Apple cart that causes us "little" people to lose the only savings that we have, mama is mad.