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re: Can we all agree this is a bad idea???
Posted on 10/20/17 at 1:59 pm to acrossenemylinesmofo
Posted on 10/20/17 at 1:59 pm to acrossenemylinesmofo
Yes. There will be a time in my lifetime when they come for 401k monies in entirety and not just try to cap allowable contributions.
It's already been floated a few times as a trial balloon.
It's already been floated a few times as a trial balloon.
4
Posted on 10/20/17 at 2:02 pm to jamboybarry
Agreed, Clinton first floated this in mid 90's. I would bet they come up with "we just need a 5% payment" at first as a one time charge.........Then it becomes permanent and a larger percentage. Just like our income tax
Posted on 10/20/17 at 3:11 pm to jamboybarry
quote:
Yes. There will be a time in my lifetime when they come for 401k monies in entirety and not just try to cap allowable contributions.
I've heard people talk about this but never paid too much attention. Do you mean they'd then start taxing 401K money, or literally seize the 401K money out of people's accounts?
Posted on 10/20/17 at 3:59 pm to jamboybarry
quote:
Yes. There will be a time in my lifetime when they come for 401k monies in entirety and not just try to cap allowable contributions.
Yep, its coming
Posted on 10/20/17 at 4:20 pm to jamboybarry
quote:
It's already been floated a few times as a trial balloon.
It's actually been done in other countries.
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