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Message
re: Proposed 401k limit -- $2400 per year
Posted on 10/26/17 at 8:00 pm to LSUFanHouston
Posted on 10/26/17 at 8:00 pm to LSUFanHouston
I am aware that 70% of Americans do not have $1000 in savings.
But the top 30% voted for Trump and the Republicans. This is a knife in the back.
Only 9% of Americans now have pensions - mostly government workers.
Limiting us to $24,000 every 10 years (avg person works 30 years) will keep everyone working to age 80.
But the top 30% voted for Trump and the Republicans. This is a knife in the back.
Only 9% of Americans now have pensions - mostly government workers.
Limiting us to $24,000 every 10 years (avg person works 30 years) will keep everyone working to age 80.
3
Posted on 10/26/17 at 8:22 pm to matthew25
quote:
Limiting us to $24,000 every 10 years (avg person works 30 years) will keep everyone working to age 80.
Nothing to stop an anyone form saving as much money as they are capable of for retirement, it will just not be tax deferred. As one living off a lot of tax deferred income, I am not so sure if I had it to do over again I would not opt to pay the tax upfront. The adage that you will likely be in a lower tax bracket when you retire is B.S. for a lot of people.
Posted on 10/26/17 at 8:29 pm to matthew25
quote:
Limiting us to $24,000 every 10 years (avg person works 30 years) will keep everyone working to age 80.
He’s not getting rid of IRA’s or hell...401k contributions above $2400.
Posted on 10/26/17 at 9:08 pm to matthew25
Where we will really get screwed is the money that we will lose from company matches.
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