I have consolidated an old 401k plan I had thru an old employer....And now I'm looking to invest the money...nothing looks too good right now.
I had the same problem, and decided to invest in self-reliance and security. We saw what was coming, know the history of govt confiscating retirement savings, and saw there was little if any opportunity to grow our retirement savings and that inflation would probably wipe out any gains we did manage to attain- along with the principle. So we "retired" - cashed a large chunk of the IRA, paid the tax penalty and bought the retirement house free and clear. We spend other savings on emergency food, solar panels, bullion, a greenhouse, a wood stove, tools and other improvements. I will own my house, I will make my own power, I wil cut my own fuel for heat, and grow and hunt most of my own food, and I get to live in a beautiful place and do most of the the things I like to do. Maybe I will learn to Kayak as well. Soak the rich, will quickly turn into "soak the responsible savers and investors" as the spiral continues.
Yes I wanted more from my life and my retirement, but they raised the drawbridge and lowered the gate. I will never be wealthy. Obama took my hopes and dreams and gave them to others. Fine. But they took the carrot off of the stick and this young horse ain't taking another step. Hell, I might become a looter myself. I worked for 20 years, shouldn't I get some of that back? Thats what these people claiming social security are saying- its owed to them because they paid in. Shouldn't I get mine while the gettings good and go on food stamps and welfare and disability? If the Adult baby can do it, can't I?