[Rick Lee]

Oh, I max out my 401k too and will keep doing so. But there are several ways the gov't. could do this confiscation and call it something else. Due process can be defined as a duly elected Congress writing a law that the duly elected POTUS signs. And it's not like the gov't. feels encumbered by the Const. anyway.

They write a new law that says untaxed retirement accounts are now managed by a quasi-gov't. agency and are untouchable by individuals except by limited vouchers and only above a certain age and there you have it. It will be another giant pool of cash like Social Security for the gov't. to borrow against and repay with IOUs that will only be paid for by future retirement account holders' contributions - basically another ponzi scheme like our current SS system. Except this time only the fiscally responsible people will pay and there's nothing at all to fall back on when this one fails.

I firmly believe nothing but hitting rock bottom will ever stop our gov't. from runaway deficit spending.