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 wrote:
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.

Yes, there's an impending solvency crisis in the normal sense. [b]However, all it takes is for the US to engineer a recession worldwide to drop everyone's currency values and drive flight for safety into US treasuries. Happens without fail all the time.[/b]

Besides, any government would rather print more money rather than touch people's savings. Other countries don't have that choice.[/quote]

That used to work before Trump. 
[/quote]

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