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I'm a boomer parent. :-) And this article is trash. And as the federal government gets increasingly desperate for new sources of revenue, the tax treatment
by k310 3y ago
I'm a boomer parent. :-)
And this article is trash.
And as the federal government gets increasingly desperate for new sources of revenue, the tax treatment of 401(k)s is a likely target.
That is true if the government continues to heap trillions on the wealthy, and soak it out of the peeps toiling away, and even retirees. I pay taxes on my 401(k) distributions and Social Security income. They are in essence deferred taxes.
Of course, some people assume that will always and increasingly be the case, but extreme wealth inequality is destabilizing.