Until he seizes the 401K's.
“Until he seizes the 401K’s.”
I know. And I know I’ll be punished for sacrificing, having discipline, and having a 401k that’s worth something.
I can only do so much, and the takers are in charge now. They’ve voted in a man who will take from us, and give to them, and they’re partying like crazy.
I wish I had an option, but I’m powerless.
I don’t think you will see any taking of 401(k)’s, at least not directly.
Instead, you will see means testing of Social Security and Medicare, so that your post-retirement net spendable income is nearly the same whether you have a 401(k) or not.
Democrats in Congress were looking into that after he was elected the first time. I have to think it will happen again.