by Mish Shedlock, Mish Talk:

A Bloomberg op-ed proposes the government will kill the 401K, and also that it should.

Your 401(k) Will Be Gone Within a Decade

Please consider Your 401(k) Will Be Gone Within a Decade

If you are among the 56% of US workers with a retirement plan, I have some bad news for you: Your 401(k) will be gone in 10 years, tops. Not the money, thank goodness, but the plans themselves.