Is Cyprus Coming

As mentioned in my previous blog on Cyprus happening hear, you now see President Obama recommending proposing limiting the amount of money you can have in your 401K to $3 million.  Now I know that most of us can only dream of having even $1 million in an account, but this is just the beginning.  As with most progressive ideas over the past 100 years, it is a slow process to where they can eventually take over your 401K just like they did with Social Security.  It is just a matter of time.  Notice, it will be your 401K and not the pension of your elected officials.