Here are a couple of worthy reads from the WSJ today. 

First – Targeting Your 401(k).  Bandied about for some time, going after the tax incentives accorded 401(k) accounts is now being discussed much more openly in Congressional circles.  We have a friend who is a retired financial planner who has been following the work of the mentioned Teresa Ghilarducci at New York’s New School for Social Research – he insists the movement she espouses (ending the tax breaks for 401(k)s and forcing investment in an alternative vehicle run by the SSA) is being openly embraced by power brokers in the capital.  It’s not happening yet, but some in government see the $80 billion plus sitting in 401(k)s as an untapped gold mine – think it can’t be done – look at Argentina. 

Second – Why Spending Stimulus Plans Fail offered by Brian Riedl, a Heritage Foundation fellow.  He very well might have a point looking at recent history.  Worth your time. 

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