VTXDave
Well-Known Member
Think your 401K is safe under a Dem controlled Congress and POTUS? Think again...
House Democrats Contemplate Abolishing 401(k) Tax Breaks | workforce.com
Bye bye 401K...Hello government controlled retirement...
Gotta love it. More government control over your money, investments, your life.
House Democrats Contemplate Abolishing 401(k) Tax Breaks | workforce.com
Bye bye 401K...Hello government controlled retirement...
Under Ghilarducci’s plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5 percent of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3 percent a year, adjusted for inflation.
Gotta love it. More government control over your money, investments, your life.