Yeah, there have been hysterics.
However, something is up, just not something as dramatic as people imagined.
No, IDK what, maybe an income limit or something to urge people into ROTH type plans.
The higher the better.
So they're considering raising it and they're considering lowering it. We'll see which wins in the end.
An outstanding idea.
“All the FREEPers clutching pearls the last few days can take a break. “
What????
You mean the gaggle of anti-Trumpers joyously posting fake news from ultra-lefist anonymous sources that Trump was going to sign a bill that destroyed 401(k) plans WERE WRONG??????
“All the FREEPers clutching pearls the last few days can take a break. “
They aren’t FReepers, they are liberals.
Why is the gov’t determining how much money I can save?
This article is why.
GE (Greedy Executives) forced employees to invest in 401(k) plans which IT administered: picking up management fees while underperforming.
And “fiduciary duty” means the companies have to monitor underperforming funds and winnow the poor ones, rather than choose the fund based on which funds salespeople provide the hottest $1,000/hr callgirls to the executives making the decision /snark>
Lawsuit alleging General Electric ripped off its workers shows the pitfalls of 401(k) plans