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And then what will those people fund their retirements with?
by saryant 13y ago
And then what will those people fund their retirements with?
- scarmig 13y agoThe money that is moved from a 401k to the market, so they can spend and save it as they wish. You don't have to spend all the money you make that doesn't end up in a 401k; in fact, if you do, you're doing it wrong. The only people whose retirement would be adversely affected are mutual fund managers.
- jmillikin 13y agoYou can't move money from a 401k to "the market", because 401k accounts are already a vehicle for market investment in the form of low-fee ETFs or mutual funds.
- philwelch 13y agoHow about everyone who has to suddenly start paying taxes on the money they're saving for retirement? 401k is just a tax shield. You want to raise taxes to stimulate the economy??