One of the first things I did when I started my own company was set up a solo 401(k) plan and roll most of my previous retirement funds into it. I did this because I wanted to have more control over the money in case the government monkeys around with these 401(k) laws and regulations.
‘Millennials (41%) are the least likely to have access to an employer-sponsored retirement plan, but over a third (35%) of Gen Xers and 30% of baby boomers are unable to take advantage of the tax benefits of a 401(k) plan.’
My friends we’re asleep at the switch. We can only counter by insisting millennials drop out of SSI. The charges of robbery by old folks can be countered by eliminating taxes on SSI income. Put it in Trump’s next contract.