Upcoming Field Hearing: Impact of Financial Crisis on Retirement Security

Replace 401k with government fund and a 3% return. Stupidest idea I've heard from a congressman today. You really do a good job with Social Security!

Keep your sticky hands off my money.

As a licensed investment advisor, I would lose that license if I made such a recommendation to a client.

Stay out of our way, the last thing we need is 'help' from idiots like you.

Thanks for your comment. However, you should know that Chairman Miller has not proposed replacing 401(k) accounts with a government-run retirement fund.
Chairman Miller believes we need a better 401(k) that has more protections for employees. The fact is that the nation's financial crisis has taken a devastating toll on Americans' retirement savings. The Committee is looking at ideas to strengthen workers' 401(k) savings, including legislation to expose hidden fees and conflicts of interest, and requesting that Secretary Paulson suspend the tax penalty for seniors who do not take a minimum withdrawal from their depleted retirement accounts.

The Committee is continuing to hold hearings on the impact of the financial crisis on retirement savings and to explore ways to ensure that Americans are able to enjoy a safe and secure retirement.