Levin interviewed one of the ‘architechts’ of this 401k plan. Basically, the govt is going to make a deal ‘you can’t refuse’. You won’t hear much about it until after the bin biden ‘crisis’ next year.
I believe you’re refering to the proposal that would “restore” the value of 401k’s and IRA’s to their values prior to the October crash - if you subscribe to the proposed program.
Plus, the proposed program would credit anyone signing up with a 1 time $6000 credit.
Kinda like Extortion and Bribery Yes?
I don’t think we’ll get any notice or choice in the matter. That’s why I am seriously considering pulling every penny out of my 401(k) and IRA. Yes, I’ll take a terrible tax hit, but I’d rather have something left rather than nothing.
>>Basically, the govt is going to make a deal ‘you can’t refuse’.
I’ll refuse.