The 401K plan is a great thing and I would be pis—d if they mess with it. It saves on taxes and helps people finance their OWN destiny. My only regreat is we did not start one soon enough for me at my place of work. I put in the MAX every year. Wonderful way to save.
Same here. I didn’t save much toward retirement in my 20’s, but I’ve been MAX’d out on by contributions to my 401K since then and makes me sleep better at night knowing it will be there in the golden years. It is a wonderful way to save for your retirement.
What I think the dems want to do is remove the 401K system and socialize it distribute your earnings even more.