The Bush Crash took a big chunk out of the 401(k) ponzi scheme, and now a lot of people are forced to cash out what's left. They are paying huge penalties for the privilege of using their own money. These people are short of retirement, but have no hope of ever being employed again in the new Flat Earth economy of Ronald Reagan. He built the penalties into 401(k)s, do you see why?
It's absurd that any pension money is ever "invested" in the market. It's just an excuse to let rich people skim a big chunk off the top. The only legitimate place to put pension money is in government bonds, as Social Security does. The right would just love to get their hands on that money. Not because they need the money, but so they can take it away from you.
When you go to gas station, half your money goes to pay rich people. Prior to Obamacare half your insurance premium went to rich people, not it's "only" 20%. Medicare runs on less than 4%. Student loans only exist so the rich can skim off the top of that money. All privatization is created so that the rich can get a fat cut.
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