23 Oct 2017 8:04 pm
Misty » 23 Oct 2017 7:47 pm » wrote: The self appointed economic genius didn't even understand that the change they are proposing is to make only the first $2400 deposited into a 401k tax deferred as opposed to the first $18,000 as it is now.
I think a lot of middle class people probably put more than $2400 a year into their 401k.
Removing the upfront tax advantages will only discourage people from saving more for their retirement.
Even the leader of Cult45 is against this.
LOLOLOLOLOLOL...only 30% of americans cont to 401k..............LOLOLOLOL
the average yrly 401k contr is about 1700 bucks........LOLOLOLOLOLOLOL
source.............30 yrs personal finance consultation