ColonelAngus
Diamond Member
- Feb 25, 2015
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Why or why not?
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I would argue no caps of any kind. Lends itself to people being responsible and saving for their own retirement instead of expecting Uncle Sam to.Why or why not?
We know what it meant.No one is proposing to cap them at $2400 per year. The discussion was to cap the amount of tax free contributions at $2400 per year.
No one is proposing to cap them at $2400 per year. The discussion was to cap the amount of tax free contributions at $2400 per year.
Yea, let the fukers get old and starve It's what they get for having families.I would argue no caps of any kind. Lends itself to people being responsible and saving for their own retirement instead of expecting Uncle Sam to.Why or why not?
Should 401k investments be capped at $2400 instead of the current $18,000 per year?
We should give the money to the government to safeguard for our retirement?????????????????????????????????????????????? Fuck no!
Were I to have my way, there'd be no cap at all
No one is proposing to cap them at $2400 per year. The discussion was to cap the amount of tax free contributions at $2400 per year.
Were I to have my way, there'd be no cap at all
Its capped otherwise the left would wail like a stuck pig claiming it was a loophole for the 'rich'.
We should give the money to the government to safeguard for our retirement?????????????????????????????????????????????? Fuck no!
??? Do you know what a 401K is and what it is not?
Were I to have my way, there'd be no cap at all
Its capped otherwise the left would wail like a stuck pig claiming it was a loophole for the 'rich'.
That really has nothing to do with the question. The OP-er asked what we think; my post indicates what I think. I've thus answered the question posed as it is posed. The why's and wherefores about what someone else may think of the cap's origins or intended purposes have nothing to do with my answer, and neither did the OP-er "color" his OP so much as even by alluding (obliquely or clearly) to the whys and wherefores; thus they also have nothing to do with his question.
We should give the money to the government to safeguard for our retirement?????????????????????????????????????????????? Fuck no!
??? Do you know what a 401K is and what it is not?
Income taxes are deferred on your 401k contributions, so you make money on both your money and the deferred taxes. Also when you do retire and begin withdrawing money from your 401k you are likely to be at a lower tax bracket, again resulting in more money for your retirement. That bozo Pelosi doesn't want to wait for people to retire to get her hands on the income tax money, she want's it right now so she can spend it.
Christ people DC has already spent every dime you sent them, plus borrowed another $20 trillion and spent that. They have forced us to contribute HUGE sums of money to Social Security, which they have raided multiple times and have no way of paying us back OUR money. So now they want to screw us out of the social security benefits we were forced to purchase via raising the retirement age and hoping most people die before they can collect a dime.