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View Full Version : 401(k) Tax Breaks In Jeopardy?


1369
10-24-2008, 01:20 PM
Some in the gov't looking to abolish 401(k) tax breaks (http://www.workforce.com/section/00/article/25/83/58.php)
2centsworth
10-24-2008, 01:26 PM
Some in the gov't looking to abolish 401(k) tax breaks (http://www.workforce.com/section/00/article/25/83/58.php)

they will tell you it's only going away for the rich, but what the leave out is that the rich are the ones who sponsor those plans.

I would make a fortune if they decided to eliminate those breaks, but it's not a good idea for workers.
ChumpDumper
10-24-2008, 01:31 PM
No chance.
101A
10-24-2008, 01:43 PM
No chance.

marking this post.


I hope you are right.
2centsworth
10-24-2008, 01:45 PM
marking this post.


I hope you are right.

If he's wrong I will call you so we can make a trillion dollars together.
1369
10-24-2008, 01:50 PM
If he's wrong I will call you so we can make a trillion dollars together.

Hey, I made the initial post, so I at least get a finder's fee.
ChumpDumper
10-24-2008, 01:52 PM
The thing is the gubment would have to make whatever they have in mind more attractive and popular than the 401ks. I just don't see it.
1369
10-24-2008, 02:09 PM
The thing is the gubment would have to make whatever they have in mind more attractive and popular than the 401ks. I just don't see it.

Do away with the tax breaks and that would eliminate the incentive for employer's to match or employees to contribute, or am I seeing this wrong?
ChumpDumper
10-24-2008, 02:16 PM
Yeah, it's like the proponents of this plan think they are saving Americans from themselves, but once the market comes back there will be no talk of it.
101A
10-24-2008, 02:17 PM
If he's wrong I will call you so we can make a trillion dollars together.

I'll be watching my pm's with great anticipation.
101A
10-24-2008, 02:18 PM
Do away with the tax breaks and that would eliminate the incentive for employer's to match or employees to contribute, or am I seeing this wrong?

Nope. You've got it figured out.
ChumpDumper
10-24-2008, 02:35 PM
It's pretty dumb, but there are a lot of dumb people out there who ignored the risks involved in any stock investment plan.
2centsworth
10-24-2008, 02:40 PM
Yeah, it's like the proponents of this plan think they are saving Americans from themselves, but once the market comes back there will be no talk of it.

trying to protect people from themselves talk drives me nuts.
boutons_
10-24-2008, 03:38 PM
GM has announced they will stop contributing their part of 401K plans.
ChumpDumper
10-24-2008, 03:40 PM
Let us know when GM announces they will stop building shitty cars.
2centsworth
10-24-2008, 03:40 PM
GM has announced they will stop contributing their part of 401K plans.


GM is on the verge of bankruptcy.