23 Oct 2017 12:27 pm
Says the economic genius.Termin8tor » 23 Oct 2017 12:16 pm » wrote:Anyone who can afford to put away $18,000/year almost certainly isn't middle class, liar.
That $2400 cap will only discourage middle class people from saving for their retirement jackass.
Proposals floating around Washington to cap the amount that Americans can contribute before taxes to 401(k) plans and individual retirement accounts are unsettling professionals in the retirement industry.
Republicans are looking for ways to generate revenue to support broad reductions in individual tax rates. One idea is to limit the amount of pretax money households can sock away for retirement saving.
https://www.marketwatch.com/story/there ... 2017-10-20
How the GOP Tax Bill Could Squeeze Your 401(k)
Talk of limiting the amount of retirement money that people can save before taxes is worrying the financial industry.
https://www.wsj.com/articles/talk-of-re ... 1508497200