[edwinland]

Spread the word -- Biden wants to dramatically reduce how much you can save for retirement in a 401(k).

I think that's the best case. The worst case is confiscation.

Democrat public employee unions invested their pensions with crooked connected pseudo-mafia parasites for years, resulting in dramatically underfunded pensions.

The time will come when firefighters and teachers need YOUR "subsidized" 401(k) for the sake of basic fairness.

They won't call it confiscation. It will just be a "millionaires tax" on withdrawals from an 401(k) that has more than say $250,000 in it. it will start small (maybe 3 or 4%) and then grow little by little to match the falloff in benefits for public union employees.

[Cletus.D.Yokel]

I postulated, under Obama, that if the Dems win, they will alter the 401k rule such that the ONLY investment available is US bonds and notes.

[LostInBayport]

It will just be a "millionaires tax" on withdrawals from an 401(k) that has more than say $250,000 in it. it will start small (maybe 3 or 4%) and then grow little by little to match the falloff in benefits for public union employees.

The same way they sold the income tax. "Only the rich will pay" mm-hmm.

[Rusty0604]

Exactly.

[virgil]

All that money in 401k’s is just too tempting for democrats. They’d love to get their hooves into it.

[glorgau]

The time will come when firefighters and teachers need YOUR "subsidized" 401(k) for the sake of basic fairness.

You would deny those hero public servants? < /sarcasm >

[E Pluribus Bellum]

Very good analysis.