that's a question off msn homepage.comes with video i couldn't make sense of. another threat? what else does pres. intend to steal from us?
I can understand why they are making that statement. One thing is that some companies are no longer contributing and matching employees anymore and what you can invest in within the 401k is limited. If you establish an IRA and contribute to your own individual retirement account it gives many other options of how you want to invest your money.
If 401ks are eliminated, then the stock market would crash. Remember when the 401k rave pushed the market to all time highs during the Clinton years. Americans are spenders, so that need to save is paramount to the lending industry. If we save less, then less can be lended and real economic growth is stymied. So then the government has to borrow more from other places–China, print money to prop up the economy. So do you see the importance of saving. Our savings should be the source of economic growth, not borrowing.
Here we go again . . Heritagefoundation.org
Here's the problems:

1. People aren't saving enough.
2. People are saving, but only in retirement accounts.
3. People are emptying the accounts when they have an emergency.

So if we got rid of 401Ks and people saved normally, maybe they'd do better.
what if your money made you 1 - 10% or 10% to 200% per month
with no risk at all,what if you dont need to work and just enjoy life
what if you can watch your wealth growing while you are having fun
visit myfxfunds.com