[cmccuist]

It's $17,000 now but you get an additional $5,000 "catch up" contribution if you are over 50, so you can put in $22,000. And your employer can match that or contribute to it as well.

There have been several politicians that have pitched that idea to take the money in people's 401k's and use it for, well how can I say it in non-PARF language, "government programs" ie waste it! I think there is between $7 and $9 trillion out there in 401k's. That's what retires will have to count on when SS fails.

But there are not enough crazies in congress to actually attempt that kind of money grab.