Lol… You didn’t think this wasn’t going to be considered.. Yeah, Roth accounts are going to be very very interesting in the coming years…
Actually, IF the government really wants to incentivize spending, what they should do is allow people to take a tax free distribution out of their 401k before they reach retirement PROVIDED that it is spent on something like a car, house, boat,etc…
If they gave an incentive to do this, I would take a distribution out immediately and use it to buy property.
Such spending would help the economy…Buying property or such would contribute to the realtor’s bottom line, an appraiser’s bottom line, escrow company, title company, which in turn would create more income for more americans which would then end up spending $4 for every $1 they nearly earn.
