All this is going to do is make people not want to put money in 401k's or other retirement accounts. The only thing I am thankful for is that I don't do 401k or other retirement accounts. I do my own accounts, and investments at which I am very happy with. I don't need the government telling me what I can and can not invest in, and also putting a cap on me.. I make what I want, and they aren't going to stop me. Capitalism is a wonderful thing, and this Socialist in Chief shows his contempt for it everyday .