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liberal_at_heart

(12,081 posts)

31. I've always wondered why there were any limits on how much you could

Sun Dec 30, 2012, 01:28 PM

Dec 2012

contribute to 401(k)s. How is it that millionaires and billionaires are able amass such wealth? Are they exempt from such limits on contributions? For those of us who are behind on saving for retirement how are we ever suppose to catch up if there is a limit on how much we can contribute?

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From National Women's Law Center, from WH transcript..about Chained CPI. [View all] madfloridian Dec 2012 OP

Correction: It is National Women's Law Center madfloridian Dec 2012 #1

You an edit your subject line. There is no time limit. Jackpine Radical Dec 2012 #28

Thanks, I keep forgetting there is no time limit now. madfloridian Dec 2012 #34

Old people first. Who's next? forestpath Dec 2012 #2

Don't forget this includes veterans. I find it all shameful.. madfloridian Dec 2012 #43

These are not the droids you are looking for MannyGoldstein Dec 2012 #3

Thank you. Great info. n/t TDale313 Dec 2012 #4

Thanks. I thought they were very good sources. madfloridian Dec 2012 #6

K&R hay rick Dec 2012 #5

Hey. madfloridian Dec 2012 #9

K&R. No more cuts to SSI period. Hurts too many people. Too arbitrary. Overseas Dec 2012 #7

Good post. It doesn't need to happen. madfloridian Dec 2012 #11

It's Social Security. SSI is Supplemental Security Income which is a disability benefit n/t duffyduff Dec 2012 #38

Finally some truth ... 1StrongBlackMan Dec 2012 #8

It is indeed true, they like us at each others throats Dragonfli Dec 2012 #13

So you are actually claiming that elderly and sick people equte to 'the rich' and should be treated Bluenorthwest Dec 2012 #20

Which part of ... 1StrongBlackMan Dec 2012 #25

Senator Bernie Sanders: "Do not adopt the so-called Chained CPI." cer7711 Dec 2012 #10

The main person speaking out strongly is an Independent senator. madfloridian Dec 2012 #22

Yep ... 1StrongBlackMan Dec 2012 #26

We need to have the President's back. CranialRectaLoopback Dec 2012 #12

No, he needs to have our backs for once /nt Dragonfli Dec 2012 #14

Damn right newfie11 Dec 2012 #15

Question on chained CPI Demo_Chris Dec 2012 #16

Yes, benefits will be reduced and the cost of stuff won't. madfloridian Dec 2012 #23

Yes ... 1StrongBlackMan Dec 2012 #27

du rec. nt xchrom Dec 2012 #17

If you have to "soften the blow" then there's a blow there to soften. Right? Demo_Chris Dec 2012 #18

Ah, yes. madfloridian Dec 2012 #19

Even Richard Nixon knew better than to cut benefits: Bluenorthwest Dec 2012 #21

Thanks for the Nixon quote. madfloridian Dec 2012 #24

Am I mistaken or do other parts of the government also get the cuts that are called COLA? For jwirr Dec 2012 #29

Maybe. hay rick Dec 2012 #30

I've always wondered why there were any limits on how much you could liberal_at_heart Dec 2012 #31

Thank you. jwirr Dec 2012 #32

It will be other programs as well. I just posted this article...includes veterans, military. madfloridian Dec 2012 #33

k&r Starry Messenger Dec 2012 #35

It will affect veterans. madfloridian Dec 2012 #36

Obama said it himself today. He has agreed to it. madfloridian Dec 2012 #37

the 'fallacy' part is very important Enrique Dec 2012 #39

It's amazing. They will protect the poorest while making the rest of us poorer. madfloridian Dec 2012 #40

What I really find distasteful MFrohike Dec 2012 #41

I find that distasteful as well. Protect poorest, let the rest get poorer. madfloridian Dec 2012 #42

About that "birthday bump" for the oldest and poorest...oh come on! madfloridian Dec 2012 #44

The sentence you don't bold is the more important one: bhikkhu Dec 2012 #45

I didn't bold it because it means nothing at all. Exempt poorest but hurt the rest of us? madfloridian Dec 2012 #46

But raising the cap does the same thing bhikkhu Dec 2012 #47

So you are saying it's fair to hurt those with other income? Those who prepared? madfloridian Dec 2012 #48

In essence, that's what our progressive income tax system does bhikkhu Dec 2012 #49

Right now to me it's all a bunch of baloney. madfloridian Dec 2012 #50

^ Wilms Dec 2012 #51