dems going after retirement

Discussion in 'Politics' started by FBastiat, Mar 28, 2011.

  1. FBastiat
    Offline

    FBastiat Rookie

    Joined:
    Mar 28, 2011
    Messages:
    18
    Thanks Received:
    3
    Trophy Points:
    1
    Ratings:
    +3
    From todays WSJ...

    Higher Taxes Loom for 401(k) Savers

    Delaying the tax hit on retirement-plan contributions, a much vaunted benefit of 401(k)s, isn't as valuable if you face higher income-tax rates when you retire.

    Yet higher tax rates are all too likely in the years ahead.

    For years, the standard thinking has been that people drop to a lower tax bracket in retirement. You get years of investment returns building on money that otherwise would have gone to taxes. And when your tax bill on 401(k) withdrawals comes due, you'll pay at a lower rate.

    Moderator Edit: Read more at link:


    http://online.wsj.com/article/BT-CO-20110328-706241.html
     
  2. Toronado3800
    Offline

    Toronado3800 VIP Member

    Joined:
    Nov 15, 2009
    Messages:
    3,572
    Thanks Received:
    274
    Trophy Points:
    85
    Ratings:
    +355
    Is there anything to see here?

    It has been my understanding there are correct and incorrect ways to cash in retirements and investments to lower your tax burden. Guess I will just continue to have to pay attention.
     
  3. Annie
    Offline

    Annie Diamond Member

    Joined:
    Nov 22, 2003
    Messages:
    50,847
    Thanks Received:
    4,644
    Trophy Points:
    1,790
    Ratings:
    +4,770
    Going after seniors in a variety of ways it seems:

    theblogprof: Federal judge to seniors: take Medicare or lose Social Security

     

Share This Page