so you're saying that they'll take away the 401-k option
by jt (2024-02-08 18:01:35)

In reply to: It amounts to a tax break  posted by AquinasDomer

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entirely?

I don't believe that will happen. What would they replace it with?

Or are you saying that they will make it post tax and not pre tax dollars? I could sort of buy that, but I still doubt that will happen. There is a post tax option currently (Roth) and that's an even worse long term deal for tax revenues.

The main reason for these plans is to encourage people to save for their own retirement and not depend on pension plans (which are largely gone) or social security.

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