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Started By
Message
re: Proposed 401k limit -- $2400 per year
Posted on 10/21/17 at 10:12 am to Golfer
Posted on 10/21/17 at 10:12 am to Golfer
quote:
Eh. I’d rather be in a Roth based plan. Would be way better for me, and most people, in retirement.
I'd rather take the tax benefit now, than a theoretical tax benefit 30 years from now.
This post was edited on 10/21/17 at 10:19 am
1
Posted on 10/21/17 at 10:18 am to Teddy Ruxpin
To be fair, this has to all be taken into a wholistic context of what other tax changes occur. If the rates or bands get adjusted dramatically, then it could make the 401k deduction less relevant.
No matter what, changes to the code will have winners and losers but analyzing this “on average” is too generalized.
I’m still a fan of a flat tax or Fair Tax with heavier deductions but the government will never give up the special interest nipple nor it’s primary source of power.
No matter what, changes to the code will have winners and losers but analyzing this “on average” is too generalized.
I’m still a fan of a flat tax or Fair Tax with heavier deductions but the government will never give up the special interest nipple nor it’s primary source of power.
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