Posted on 10/27/2017 12:11:06 PM PDT by rb22982
...The chairman of the House Ways and Means Committee, said he has talked to President Donald Trump twice this week about 401(k)s.
"He'd like to raise the limits so people can save more in those plans. So do I. I think that's a good start," Brady said.
...The amount workers can contribute to a 401(k) rises to $18,500 next year, up from $18,000 in 2017. People age 50 and older can tack on a so-called catch-up contribution of $6,000.
But lawmakers are now looking at raising that limit to $20,000 or more.
It’s not the fees, it’s the “no fund manager ever got fired for buying underperforming big name company” + chasing last year’s hot thing.
Uh, yes it is. That is exactly what 99.9% of lawsuits vs 401k plans are about. That is entirely what this regulation Trump delayed and got sh!t for is about. I meet with these people all the time.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.