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I doubt 401ks are going anywhere. It’s one thing to write an article about it and a whole other to actually get a law passed. Congress can’t even get rid of day
by zeroonetwothree 3y ago
I doubt 401ks are going anywhere. It’s one thing to write an article about it and a whole other to actually get a law passed. Congress can’t even get rid of daylight savings time, which no one likes.
- toomuchtodo 3y agoEvery 2 year election cycle, ~3.6M voters over 55 will have aged out, and 8M voters will have turned 18. Today's Congress is not tomorrow's Congress, but I admit patience will be required as the electorate and the reps elected turn over.
- vineyardmike 3y agoThe missing bit though is that those 401ks are taxed later than now. A politician who wants to pay for their policy (good) but doesn't want to raise taxes (bad) can just move the timings of that tax bill to juice the books. Its been proposed in the past, along with the implications of changing the RMDs to boost government income.
- nonethewiser 3y agoIf blowback is preventing politicians from raising taxes why wouldn’t blowback stop them from killing the 401k?