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re: Proposed 401k limit -- $2400 per year

Posted on 10/21/17 at 10:03 am to
Posted by ghost2most
Member since Mar 2012
7021 posts
Posted on 10/21/17 at 10:03 am to
And responsible people will still do that, but it really hurts their ability to lower taxes and the new plan won't help.

So basically, people who don't save, no change. People who do, get fricked.
Posted by Golfer
Member since Nov 2005
75052 posts
Posted on 10/21/17 at 10:05 am to
quote:

And responsible people will still do that, but it really hurts their ability to lower taxes and the new plan won't help.


Isn’t this plan coupled with a 2x increase in the standard deduction?

quote:

So basically, people who don't save, no change. People who do, get fricked.


Eh. I’d rather be in a Roth based plan. Would be way better for me, and most people, in retirement.
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