I've paid in to Social Security my entire working life.  By contrast, I've invested in my 401(k) for approximately ten years.  The 401(k) has a larger balance and has outperformed Social Security's returns by multiples.  So what does Congress want to do?

"House Education and Labor Committee Chairman George Miller, D-California, and Rep. Jim McDermott, D-Washington, chairman of the House Ways and Means Committee’s Subcommittee on Income Security and Family Support, are looking at redirecting those [401(k)] tax breaks to a new system of guaranteed retirement accounts to which all workers would be obliged to contribute."

Read the rest here.

Thanks, Mike.