[LetsRok]

What I don’t like about 401K accounts is that the taxes are deferred until you withdrawl the money. You are betting that the tax rates will be the same or lower at retirement. With the govt going more and more socialist, you can bet the tax rates that you will be paying on the withdrawls will be a lot higher than today. I would rather pay the taxes on the money now and let my fund grow and not have the proceeds taxed at all on retirement.

[abb]

I would rather pay the taxes on the money now and let my fund grow and not have the proceeds taxed at all on retirement.

So what's to stop them from taxing them again at withdrawal? Because they said so?

[Chairman of the Bard]

Good point Sarge. Roth 401k plans are gaining momentum. AFTER-tax money is contributed, so there is no deduction up front, but the investments grow tax free, and are distributed tax free after age 59.5.

The fact that liberals want to get their grubby little paws on our retirement money is chilling indeed.