401k cap being considered?

[IVE GOTTA PACKAGE 4U]

Yes I'm a 10%er

WDFD

 

[newfie]

Seems like it was voted in in 1978. Democrats controlled both houses.

Ronnie Reagan Baaabayy!!! The 401(k) turns 20 - Jan. 4, 2001

 

[DriveInDriveOut]

Ronnie Reagan Baaabayy!!! The 401(k) turns 20 - Jan. 4, 2001

Wrong

 

[DriveInDriveOut]

Yes I'm a 10%er

I wouldn't be able to max it out if I was losing 25% to taxes. Plan is to switch to roth when I get to top rate.

 

[IVE GOTTA PACKAGE 4U]

I wouldn't be able to max it out if I was losing 25% to taxes. Plan is to switch to roth when I get to top rate.

Not hookers and Blow?

 

[DriveInDriveOut]

Not hookers and Blow?

Not yet, saving for quality.
My profits should more than cover viagra and an upgrade to high class escorts.

 

[IVE GOTTA PACKAGE 4U]

Not yet, saving for quality.
My profits should more than cover viagra and an upgrade to high class escorts.

If your wife don't kill you first and get a pool boy.

 

[Brownslave688]

I wouldn't be able to max it out if I was losing 25% to taxes. Plan is to switch to roth when I get to top rate.

You certainly notice it coming out.

 

[DriveInDriveOut]

essentially the same thing, why the would anyone use a 401k without the tax write off?

Employer matched contributions

I didn't think about that angle.
If contributions are mostly after-tax, people will contribute less, employers will have to match less. Takes away a middle class tax break, and cuts corporate expenses at the same time.
Explains a lot.

 

[Sportello]

Trump says there will be no change to 401(k) plans

You're doomed.

 

[UpstateNYUPSer(Ret)]

essentially the same thing, why the would anyone use a 401k without the tax write off?

....so that they can then withdraw it on the other end tax free....?

 

[Babagounj]

....so that they can then withdraw it on the other end tax free....?

Feds take $2k and my state takes $510 per $10K removed . I'm over 60 .

 

[Babagounj]

I read an article once that stated that I was saving into my 401K equal to what an aircraft pilot would .
And I was only a combo , never making top rate .

 

[Jones]

President Donald Trump and the U.S. House of Representatives’ top tax law writer reopened the door on Wednesday to changes in the 401(k) retirement savings program, just days after Trump seemed to rule out such a step under a broad Republican tax overhaul project.

Trump and U.S. House tax lawmaker reopen door to 401(k) changes

 

[It will be fine]

President Donald Trump and the U.S. House of Representatives’ top tax law writer reopened the door on Wednesday to changes in the 401(k) retirement savings program, just days after Trump seemed to rule out such a step under a broad Republican tax overhaul project.

Trump and U.S. House tax lawmaker reopen door to 401(k) changes

Shocking, congress isn't being directed by tweet.

 

[newfie]

President Donald Trump and the U.S. House of Representatives’ top tax law writer reopened the door on Wednesday to changes in the 401(k) retirement savings program, just days after Trump seemed to rule out such a step under a broad Republican tax overhaul project.

Trump and U.S. House tax lawmaker reopen door to 401(k) changes

saw the interview not what he said. typical Liberal media spin