[Principled]

Sorry Groanup - I pinged you but forgot to tell you I was asking you about the pre-tax savings vs post tax savings figure. IIRC you are in that arena professionally?

[groanup]

I don't have the link to back it up but in my experience, managing money for folks, the vast majority of retirement savings is in pre-tax accounts such as 401(k), 403(b), SEP, IRA etc. MOST people you and I know that have a regular job have almost all of their savings in a 401(k).

The nitpickers say that the retirees that have all of their savings in after tax money will be hurt. In a stretch that COULD be right for the wealthier ones. If so, it should be easy to do some Peter/Paul type of thing with the legislation since the pre-taxers will receive such a HUGE bump in their buying power.