If you (like me) have a 401(k) or equivalent retirement plan, you've probably been watching nervously over the past few weeks as your nest egg has shrunken owing to the current turmoil in the markets. 

I often remind you dear readers that you must be ever vigilant because if you don't you have no one to blame but yourself.  We've seen the $700 billion bailout of the banks and by now you know that it looks like you're going to have to bail yourself out.  So today when my son Charles called me to alert me that some politicians on Capital Hill were eyeing the end of the 401K as we know it I was intrigued.  So I searche dthe web to determine if he was right or not and sure enough I found the above titled article at the Wall Street Journal.  

They are seeking to take your 401K and roll it into Social Security and have at it.  Previous and current events clearly indicate how adept they are are losing our money while protecting theirs.  So I am compelled to direct you to the article so that you can read it for yourself and do what you can to protect your 401K funds.

To be sure they have not yet clearly outlined their plan, but fore-warned is fore-armed so I recommend you keep on top of the information.  Experience shows that once they start talking about it you should get ready for change.