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re: Social Security won’t be able to pay full benefits by 2034. Now there’s renewed pressure

Posted on 9/5/21 at 2:40 pm to
Posted by udtiger
Over your left shoulder
Member since Nov 2006
99298 posts
Posted on 9/5/21 at 2:40 pm to
Seize 401ks and put them into the SS fund.

This will be one proposed "solution"
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7418 posts
Posted on 9/5/21 at 2:45 pm to
quote:

Seize 401ks and put them into the SS fund.

This will be one proposed "solution"

Well, everyone’s 401K shot to the moon throughout the past year. It’s only fair.
Posted by GooseSix
Member since Jun 2012
19540 posts
Posted on 9/5/21 at 3:07 pm to
quote:

Seize 401ks and put them into the SS fund.

This will be one proposed "solution"


This is how you get a 7mm to the grape.
Posted by BestBanker
Member since Nov 2011
17494 posts
Posted on 9/5/21 at 3:16 pm to

This post was edited on 9/9/21 at 8:29 pm
Posted by ragincajun03
Member since Nov 2007
21457 posts
Posted on 9/5/21 at 3:25 pm to
quote:

Seize 401ks and put them into the SS fund.


This might not be what they're ultimately able to do, but you can damn well bet they're going to raise the tax rates on people withdrawing from their traditional 401k/IRAs.

That's why I've started diverting some towards a Roth, but hell, I guess the promise of "pay your taxes now and we won't tax your withdrawals" is probably out the door.
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