Another name that frequently surfaces in the 401(k) plot discussions is longtime retirement activist Teresa Ghilarducci, a professor of economics at The New School, who believes the 401(k) should lose all its tax advantages, and instead be replaced by something she calls Guaranteed Retirement Accounts, a system of mandatory retirement contributions by both employees and their employers, that would allow for a minimum, promised investment return.

FORBES: Barack Obama And The Federal Government Are Not Taking Your 401(k)