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In reply to the discussion: There's talk of capping 401(k) contributions at $2,400 per year [View all]unblock
(52,113 posts)9. Just to be clear, the same total contribution limits would remain
They're "only" talks by about limiting contributions to pretax 401(k)s. Amounts above $2,400 would have to go into a post-tax Roth 401(k).
Obviously, that's a problem for the many people who don't have spare thousands of savings to pay taxes now on income they won't receive until years or decades later, but it's something. well, at least for those better off....
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A proposal that is magnificent in its stupidity. Americans need MORE, not less, encouragement and
spooky3
Oct 2017
#1
401 K's are all that is left...since pensions have been pretty much destroyed....another gift from
Demsrule86
Oct 2017
#81
Perhaps, but plenty of middle class people can afford to save more than $2400
TexasBushwhacker
Oct 2017
#36
I believe government policy across the board should encourage smaller families going forward.
roamer65
Oct 2017
#31
There should be no decrease in either 401k or IRA. Instead the IRA limit should be increased to...
Rollo
Oct 2017
#32
No, the GOP is not trying to increase the IRA limit to same as the 401K limit!!!!!!!!!!!!!!!!!!!!!!!
Rollo
Oct 2017
#68