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I think he's inferring to the government being able to get to it in the future. Whether it be by future legislation of extended early withdrawal penalties, or n
by martin1b 7y ago
I think he's inferring to the government being able to get to it in the future. Whether it be by future legislation of extended early withdrawal penalties, or new tax laws. Yes, it is your money but is still subject to federal and state laws. It's different than a bank account.
- palebluedot 7y agoNot really that much different with respect to their exposure to future laws; your bank account balance is subject to federal and state laws as well. Yes, future laws could affect your 401(k) balance, but the same holds true for your bank account balance (e.g., wealth taxes, etc..). But what else can you do, really? Best to put your savings into the most cost effective / tax efficient vehicle that is currently available.