Unfortunately, Floyd, my point of reference are many of the people of my generation. We were so busy working and raising families that we (foolishly, we now know) trusted that our 401K trust administrators were handling our $$ in our best interest as represented by the companys we worked for. We feel like we've been duped. Now at the time of our lives when we should have all those "projected" $$'s to retire they have dwindled to the point where we will probably be in nursing homes before they recover. For many people, recovery time has run out. My next door neighbor is 78 .... I don't think he will be doing much with his recovery $$ in 10 years ...
If someone has already retired and using their 401's .... they probably are not living at the same level they were 2 years ago .... or making bigger and better plans ... If they are, name names ...... I want them in Washington to solve this crisis.