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Posted on 10/20/2017 12:01:10 PM PDT by NohSpinZone
Proposals floating around Washington to cap the amount that Americans can contribute before taxes to 401(k) plans and individual retirement accounts are unsettling professionals in the retirement industry.
Republicans are looking for ways to generate revenue to support broad reductions in individual tax rates. One idea is to limit the amount of pretax money households can sock away for retirement saving. Such a move would likely generate significant political blowback but it hasnt been explicitly ruled out, stirring worry among industry lobbyists.
(Excerpt) Read more at marketwatch.com ...
Burdens to society are Democrat’s stock in trade.
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No - it wouldn't. Even if they were able to keep the market going up like it did during the OBAMA years (and they can't) it would still suck. The 401K is a fine invention and Trump won't screw with it.
Don’t punish savers.
Cure your spending problem instead.
Idiots.
stop military/federal pensions in their present form..make everyone go to 401ks with the govt adding some into the pot....stop 20 yr retirements with immediate withdrawal...no pensions before age 60 or 62.
make congress and all of the federalis go on SS and medicare.
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