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Posted on 10/20/17 at 3:19 pm to saints5021
Just my opinion, but people planning on being dependent on SS do not make enough to put back the current 18k cap. I'm all for raising it but that alone will not be an incentive for them.
Posted on 10/20/17 at 3:21 pm to acrossenemylinesmofo
I thought this whole thing was about the middle class? Getting rid of this deduction would be a huge blow to the middle class. FWIW I’m ok with getting rid of basically all deductions and just slashing the tax rates/simplifying the tax code.
Posted on 10/20/17 at 3:52 pm to acrossenemylinesmofo
It's fricking ridiculous. They can't help but look for more ways to reach into people's pockets.
Posted on 10/20/17 at 3:58 pm to acrossenemylinesmofo
It's a matter of time before liberals get their hands on 401K money. The average American doesn't give a frick about promises made to people previously. It's why I find Roth IRA is to be somewhat suspect. Eventually there's going to be a bunch of people with large accounts in Congress is going to have something that sounds really cool and free for everybody else or at the least they'll justify the theft in the name of avoiding some pain.
Posted on 10/20/17 at 3:59 pm to jamboybarry
quote:
Yes. There will be a time in my lifetime when they come for 401k monies in entirety and not just try to cap allowable contributions.
Yep, its coming
Posted on 10/20/17 at 4:01 pm to ShortyRob
quote:
It's a matter of time before liberals get their hands on 401K money.
Liberals? It's Republicans championing this POS idea.
Posted on 10/20/17 at 4:10 pm to upgrayedd
quote:
The hilarious part would be if people started taking their money out of banks so the govt couldn't get their hands on it. Their big bank buddies would be shitting bricks
Bitcoin went over $6000 today. There's a reason big banks like JP Morgan are afraid of it.
Posted on 10/20/17 at 4:20 pm to jamboybarry
quote:
It's already been floated a few times as a trial balloon.
It's actually been done in other countries.
Posted on 10/20/17 at 4:21 pm to acrossenemylinesmofo
quote:
Congress debating whether to cap 401k contributions
Time to 100% privatize under a different name
Posted on 10/20/17 at 4:27 pm to acrossenemylinesmofo
Take your old age money to give to people without money so they can live to old age and continue to siphon of you when you get to be old. frick the government
Posted on 10/20/17 at 5:04 pm to acrossenemylinesmofo
quote:
Congress debating whether to cap 401k contributions to $2400 to increase tax revenue.
That would fricking suck.
Posted on 10/20/17 at 8:19 pm to acrossenemylinesmofo
It's a bad idea.
But as long as they stay away from Roth, I'm selfishly ok with it
But as long as they stay away from Roth, I'm selfishly ok with it
This post was edited on 10/20/17 at 8:20 pm
Posted on 10/20/17 at 8:23 pm to GeauxLax
What a mess.
Just spend less.
Cap the war at current level and let inflation cut it down over the decades.
This is an outrage.
I was disappointed conservatives went along with the spendy big budget.
Just spend less.
Cap the war at current level and let inflation cut it down over the decades.
This is an outrage.
I was disappointed conservatives went along with the spendy big budget.
Posted on 10/20/17 at 8:52 pm to acrossenemylinesmofo
401k's are overrated
Posted on 10/20/17 at 10:35 pm to acrossenemylinesmofo
401K is one way to save for retirement. It's not the only, and for sure it's not the best. Considering the fact that most people believe that taxes will rise rather than go down, taking the tax hit now might not be a bad idea. Taxation could rise to 70% by the time you retire and then you are in deep water trying to survive that rate......... For disclosure, I have a 401K as well as other methods.
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