People need to read the 401k proposal that affects every single responsible middle class citizen in this country:  Trump plans to repeal the tax-free compounding that takes place in the plan - the only reason anyone would even want to participate in such plans. The repeal is necessary to make up for the lost revenue of the lower corporate tax rates.  401k plans affect the majority of employees under 50 these days who actually work for a living, as defined benefit plans have dried up.