[quote=ltsdd][quote=flu]
Also, I’m not so sure tax rates for a deferred investment are going to be a good thing…As I said before, I think some people’s folks tax bill is going to end up being bigger by deferring the pain until they are in their 60ies[/quote]
I think this is why it’s a good idea to consider the 401K Roth (or something like that). Pay the taxes up front and not worry about the higher tax rates down the road.[/quote]
For most people who don’t know what they are doing (inclusive), I think the trick is to spread the risk.
So in as much as I’d like to believe the government will honor their commitments. They probably won’t….Government can just as easily add fees/taxes to a Roth401k if it really wanted to… Then again, it can also add additional penalties for excessive withdraws from traditional retirement plans, etc etc etc.
I’m just curious why some folks think “401k” is such a bad thing. 401k is a plan, with funds. The picking of the funds is a personal choice. Granted some employers have really shitty plans, but in at most, some have either self directed or passive investment options without all ridiculous management fees.
I wouldn’t completely empty out a 401k for the same reason why I wouldn’t put everything in there too…
