The Plot to Kill the 401(k)
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Uploader Comments (nevinesq)
All Comments (4)
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Google "Guaranteed Retirement Account". They want to take all the 401(k) savings, pool them with Social Security, then "spread the wealth around" by giving part to the people that don't have any retirement savings as a "credit". This is why you cannot rely on favorable tax policy in planning retirement savings, they can change the terms on you in a minute.
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We did a special video on this topic as well. We should just call the new 401k social security 2
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you mean like asking for our taxes to be lower so we can keep more of what we earn?
2 years ago 2
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401K, and Social Security are not enough anymore. People have to find alternative ways of income.
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That doesn't mean, however, that we can afford to do away with the 401(k)!
nevinesq 3 years ago
401(k) and Social Security were NEVER enough...nor were they ever intended to be enough.
nevinesq 3 years ago