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(56,206 posts)

11. Yes, it is a bit indirect.

Reply to dkf (Reply #8)

Fri Apr 5, 2013, 04:22 PM

Apr 2013

Social security is indeed self-funded, so federal budget savings don't directly pertain to the social security budget. However, if the 401(k) tax breaks were abolished, more people would look to social security to find their retirement, which would lead to a demand for better social security benefits.

In fact, it probably would have to be done as a package deal.

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Is this proposing confiscation of individual 401ks to fund social security? [View all] dkf Apr 2013 OP

I don't know- I have a 401k - I'm not really affluent - Comfortable I guess. el_bryanto Apr 2013 #1

no, it's a good article on the issue of retirement finances n/t Enrique Apr 2013 #2

no. why on earth would you think that??? unblock Apr 2013 #3

So how do you expand SS by changing 401ks? dkf Apr 2013 #4

i think the idea is simply unblock Apr 2013 #7

Since there isn't a connection between SS and the Federal Budget or so they say, why would dkf Apr 2013 #8

Personal experience with affording a 401k Benton D Struckcheon Apr 2013 #9

Yes, it is a bit indirect. unblock Apr 2013 #11

They will never abolish the 401Ks because it is a perfect scheme for Wall Street liberal N proud Apr 2013 #5

Did you even read the article? Because it says no such thing, not even close. Bluenorthwest Apr 2013 #6

Not a well thought-out article, but ... dawg Apr 2013 #10