Reply to are traditional contributions to IRA or 401ks stupid with the impending US bond crisis?

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Reply to "are traditional contributions to IRA or 401ks stupid with the impending US bond crisis?"

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[quote=Anonymous][quote=Anonymous]Lock in tax rates now or keep contributing to traditonal retirement vehicles even though the US is going to face an impending solvency crisis in the future due to BBB?

I mean, it's only a matter of time until they try to raid the trillions of dollars socked away in retirement accounts. One would logically predict huge tax increases on traditional 401k withdrawals in the future.  Would it make sense to cut this risk by a lot by locking in tax rates now via Roth contributions for every regiment vehicle going forward?  This is even under the current assumption you'll be in a lower tax brack in retirement than now. [/quote] If you think they are going to raid retirement accounts, what makes you think a Roth is going to save you ? Double taxation is already a thing, and Congress can re-write the tax laws anytime they want, through means-testing or whatever.

Thats why I have stuck with the regular 401K, I want my tax break now, instead of some promise in future.[/quote]

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