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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 3:25 pm to
Posted by ragincajun03
Member since Nov 2007
21456 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.
Posted by FlyingTiger1955
Member since Jan 2019
5765 posts
Posted on 9/5/21 at 6:27 pm to
Bet they make Roth’s taxable so they can get your money anyway.
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