[NohSpinZone]

I think this is bluster but it is illustrative of the broken mentality of government types, irrespective of party. FIX THE SPENDING PROBLEM, YOU SCHMUCKS! Don't punish prudent and diligent Americans who want to protect more of their income from government waste so that they can self-fund their retirements and not become burdens to society.

[DoughtyOne]

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

http://www.freerepublic.com/focus/f-news/3596931/posts

[Liberty Valance]

bttt

[alloysteel]

A person would have to start at about age 18 to make this a worthwhile and meaningful accumulation towards their eventual retirement fund.

[colorado tanker]

No sources named. This isn’t in Trump’s plan. I’m calling BS on this one.

[GOPJ]

Roth?

[SoFloFreeper]

I don’t think so.

[originalbuckeye]

THIS will NOT go over well in the USA!

[Brian Griffin]

“FIX THE SPENDING PROBLEM, YOU SCHMUCKS!”

$4 trillion/year ~= $13,000/year per American per year

I live on about $5,000/year.

Federal spending is absurdly out of control.

[rb22982]

They basically are considering allowing the same amount but everything over $2400 would have to be in a Roth 401k. For some people, like myself, that would be just fine, but 90%+ of people have a lower rate in retirement than their highest marginal rate while they are working. Same reason I recommend a regular IRA vs Roth IRA for most people since you can invest ~45% for the same amount of money with the tax savings (eg: putting in $5,500 into regular IRA/401k will only cost you $3,800 after a 25% fed + 6% state marginal tax savings).

[Brian Griffin]

$2,400*40 years < $100,000 in total

That $100,000 is only about an eighth of what a public school teacher or police officer will get in total retirement pay, on average.

[SamAdams76]

I've been maxing that out for years now ($18,000 currently) and I'm still concerned I might not have enough to retire on. I don't see how $2,400 is going to get it done even if somebody starts at age 18. This has to be a misunderstanding or misprint.

Then again, there are other vehicles besides a 401(k) to save for retirement. Not many have the discipline to do that. The 401(k) is easy because it comes right out of your paycheck (and many companies match it up to a certain percentage).

[plain talk]

You act as if this was real news. I’ll bet this was pure made-up news. I doubt any Republicans are pushing this. I call BS on the story.

Certainly I don’t believe Trump would sign a bill that capped 401K’s to such a low amount.

[FrdmLvr]

Burdens to society are Democrat’s stock in trade.

[Qwackertoo]

Don’t punish savers.

Cure your spending problem instead.

Idiots.

[cherry]

education dept should be shut down....give the states the money, maybe slightly reduced and let them use it....

stop military/federal pensions in their present form..make everyone go to 401ks with the govt adding some into the pot....stop 20 yr retirements with immediate withdrawal...no pensions before age 60 or 62.

make congress and all of the federalis go on SS and medicare.