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Reply to "Proposal to cap 401k and other tax accounts once you reach a certain amount, what do you think?"
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[quote=Anonymous][quote=Anonymous]This may sound absurd to some but this cap, along with other/future 401k limitations to come, are put in place in order to channel funds to government backed bonds. Coincidence that this cap comes with the launch of MyRA and treasury tapering off of buying government bonds? Eventually more and more limitations will be needed on private retirement savings in order to back our country's debt. Last resort will be 401k confiscation but we still have 10-20 years to go (and plan) until that occurs.[/quote] yeah, pretty much everything you said there does sound nuts.[/quote]
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