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Thread: There’s talk of capping 401(k) contributions at $2,400 per year

  1. #41
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    Newpublius's Avatar Senior Member
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    Quote Originally Posted by Common View Post
    The house floated it and I just dont understand it. Americans do not save enough as it is and they certainly dont save enough for retirement. Somehow they think its a good idea to cap how much they can save for retirement. What the hell could be the purpose for that.
    Well its capped now, of course the cap is just higher.

  2. #42
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    Newpublius's Avatar Senior Member
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    Quote Originally Posted by Peter1469 View Post
    You don't have to buy stocks if they scare you. You can get diversified mutual funds. If you keep you excess money in the bank you are losing money.
    And you can buy funds exclusively invested in government bonds, just like Social Security.

  3. #43
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    Quote Originally Posted by Dr. Who View Post
    Perhaps the better question is why they would be floating it. Do they want more money to tax or more money to be spent in gross consumerism?
    More money to tax. I don't think that they think past that point.
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  5. #44
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    Devil'sAdvocate's Avatar Senior Member
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    Quote Originally Posted by Peter1469 View Post
    There’s talk of capping 401(k) contributions at $2,400 per year

    This is not a good idea. I wonder who is floating it?



    Experts say most Americans are under-prepared for retirement. This plan would make that worse.
    They're under-prepared because they don't take care of their health and fancy a mythical retirement which will never happen:

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    Quote Originally Posted by Devil'sAdvocate View Post
    They're under-prepared because they don't take care of their health and fancy a mythical retirement which will never happen:
    Stupid contribution to a serious thread. Post your crap in the Hole.
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  7. #46
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    Quote Originally Posted by Devil'sAdvocate View Post
    It's only serious for people who've bought into the retirement scam to begin with. Wait until the Fed confiscates retirement accounts to pay off the national debt like the govt of Venezuela did.
    I said hole for you.
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    Quote Originally Posted by MisterVeritis View Post
    Of course we can.
    Not if you want to maintain some pretense it is the beneficiaries money and not anther welfare program requiring massive debt increase to maintain.

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