Many Americans Are Redeeming 401K's and IRA's to Pay Bills. Plus Paying Taxes and Penalties.

• The government probably looked at this many trillions of retirement funds to balance the budget by raising taxes and penalty fees.
• Or outright seizure of the funds.
• Most of the funds have lost value since 2009.
• Investors hanging in there to recoup loss.
• How they can charge taxes and penalties on losses does not seem right.

More from the ARIZONA DIALY STAR by Shan Li, La Times.