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401k's...there have been serious discusions on how to end the benefits "because they aren't fair" and also talk if government seizing the assets and replacing with gov sponsered plans similar to SS...you haven't heard of this possibility?

Not from rational people.

It sounds to me like your operating from fear instead of facts.

401k plans (and IRAs) are nothing more than long-term tax arbitrage. Avoid current income taxation in exchange for income tax payments down the road. The theory being that you're in a higher tax bracket when working than after you retire. Roth IRAs and 401ks provide for those who think their taxes will be higher in retirement rather than lower. So both positions are covered.

The benefit to society being that if you are encouraged to save for your own retirement through a bit of a tax break, you are far less likely to need public assistance when you do retire. I don't know how anyone can consider them unfair by any means. At worst, they are some social engineering mashed into the tax code.

--Peter
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