While you idiots talk about JFK...

While you idiots talk about JFK, the Republicans reduce the contributions a Middle class worker contributing to their 401(k): $2,400! Thanks Trump and Republicans!

Other urls found in this thread:

nytimes.com/2017/10/20/us/politics/republicans-tax-401-k.html
nytimes.com/2017/10/20/us/politics/republicans-tax-4https://www.nytimes.com/2017/10/20/us/politics/republicans-tax-401-k.html
twitter.com/SFWRedditImages

I work for an investment company and our largest line if business is 401k plans. We have people that lobby congress, and w whole fucking team of people tracking every law that can impact our business. Weird that I have not heard about this.

>or maybe it's bullshit

I contribute WAY the fuck more than that to a 401k. I think everyone does. That sounds like crap to me.

Rekt

be gone faggot OP

>Weird that I have not heard about this.

It's treading on twitter.

Why are Americans so disgustingly retarded?

>its trending on twitter
>MUST BE TRUE!!!

not if you make 50k a year and the company match is 5% (which is standard). A lot of people just do up to the match and invest elsewhere.

>be gone faggot OP
Not sure why you are so upset that I'm telling you something congress is doing.

nytimes.com/2017/10/20/us/politics/republicans-tax-401-k.html

Most Americans get their news from twitter/facebook retard
nytimes.com/2017/10/20/us/politics/republicans-tax-4https://www.nytimes.com/2017/10/20/us/politics/republicans-tax-401-k.html
01-k.html
nytimes.com/2017/10/20/us/politics/republicans-tax-401-k.html

>implying anyone would make up shit on Sup Forums?
This place is worse than msnbc.

>nytimes.com/2017/10/20/us/politics/republicans-tax-401-k.html

Next time post the source with your OP
Not some fucking faggots tweet from twitter
>being this fucking dumb

>Why are Americans so disgustingly retarded?

They focus on the stupidest of stupid shit, but not the real issues. Our 401 k getting cut right around the time I was thinking of setting one up for my job. Republicans don't give a fuck about me or workers. This will LITERALLY fuck me up the ass.

You have google you can look it up.

I don't know why you are so upset.

----->Dumbass thinks a tweet from some random faggot with a hulk icon = a credible news source.

Go die in a fire dumbass
>post sources from creditable sources

Same for 403b?

>nytimes

Contribution limits to 401(k) is 18,000 per year. Each person is also able to contribute another 5,500 to either a traditional or ROTH IRA.

Sage

or you could just put the source in your OP you dumb nigger

>Contribution limits to 401(k) is 18,000 per year.

Yes and they are reducing it to 2400

Why is this allowed?

ya but the jfk files are worth 2400 bucks. fucking poorfags constantly complaining about money, jeez, get a life.

I didn't ask for your life story faggot. I couldn't give a shit about you or any other ameritard

You prolly never seen 2400 dollars faggot.

LMAO

You know this isn't going to be a part of the plan. This is disinfo shit to get people fired up. Some Dem staffer could have said this to the press without it having any basis in reality, just to poison the well.

get rekt gubmint leech/parasite

get a real job

wow it’s like PACs and 401ks are different things!

if they reduce 401k contributions they'll increase the roth account maximums, which is where your money should be going anyways if you believe taxes will be higher in the future

You guys must work at taco bell.
You wouldn't understand, THOUSANDS in sushi COMPED.

Why are you on a board that is 95%+ discussion of ameritards and their ideas/actions/direction?

401ks are shitty investments anyway.
>government is inept, corrupt, and run by jews
>let me give them my money to invest on my behalf
Or some shit like that. We have stock platforms on our phones for FREE now. I'll invest my money myself and not have it subject to rules, fees, and regulations on when I can withdrawal it. 401ks are literally for financial cuckholds.

who the fuck is "turnup_thetweet" and why is he your go to guy for news

>401k
4channers don't haev money. they just like seeing nigggers and faggots and kikes get BTFO'd.

Nice stats there redit boy. Get the fuck outta here

the government doesn't manage 401k investments you retard

You're in a thread right now talking about Americans fucking 401k. If you really don't care about Americans then you have poor self control or something to end up shitposting in a hell hole like this.

They lock your money up and prevent you from accessing it without a huge fine. It's a government run program. They hire out work for the actual investment management, but that'll work out about as well as Navient.
idgaf bro, go dump your money in the trash if you please.

You contribute the exact amount to get the maximum possible match from your employer and no more. Then invest the rest on your own.

401ks are a scam for poor people.

it's a 10% penalty, but there are options to get the money before retirement age if you agree to equal monthly distributions from your current age to when you're 59. and yes, as my employer matches 6% i'll be keeping my trash 401k

This kills the Sup Forums

says the poor person

That is absolute bullshit.

>redit boy can't even reply to the right post

Aaaaahahaha

...

Just look at this buried in the last fucking paragraph.

Whoops. Forgot pic related.

I help my clients save and invest so they can provide for them selves and their families in retirement instead of leeching off the government.

What do you think is going to happen when the glut of young boomers retire with their sad 100k in savings? That is not enough to live on. Who are those people going to vote for when they realize they can't retire without gibs?

If we don't create a new generation of motivated and financially educated savers we are doomed to socialism.

Your welcome for all I do to fight communism with the shining light of capital.

Get fucked commie

Note for everyone spurging. The article posted basically says "there is a rumor this is something that was brought up in an unspecified larger tax code discussion according to unnamed sources " and then spends most of its bulk on editorializing about the possible motives and effects of this non policy

Tldr classic fake news.

>p-please talk about my class warfare marxist bullshit instead of the JFK files Sup Forums

$50k is that sweet spot where I think you still aren't paying federal income taxes. If you're above $75, you're better off filling up your 401k because of the tax benefits.

As opposed to the Brits who focus on fag fashion & let their country get taken over by Muzzies. No thanks I'll stick with my RETARDED USA

>LITERALLY
fucking kill yourself

It’s all talk . It won’t happen. Op is a fagget

>being a cuck for Ameriniggers
The eternal Aussie just cannot stop swallowing Amerifat semen.
>board becomes overly focused on Amerishit worthless crap around mid 2015+
>suddenly is infested with reddit drones and posting quality drops significantly
>endless Trump related twitter cap threads with Amerikikes blogposting and coming up with arguments against them 24/7
>exactly what the state wants them to do, basically programming them all
>yes this is what Sup Forums always was and should continue to be!
Fuck off retard.

OP blaming Republicans when Democrats have increased the number of fucks on welfare thereby shrinking not only the middle class but the working class. BAKA

Bingo

Pay the taxes now and retire with tax free growth.

boomers are just now at retirement age, 1950=67
time for republicans to steal that money for their criminal jewish masters on wall street

I'd rather pay the taxes now while I have the extra cash flow, time, energy etc

as much of a non sequitur this is, im almost sure a 401k is limited to 15% base wage

>browse American website
>be surprised when people talk about American politics aka the most important around
Sorry no one wants to talk about your country electing Mister Ed as its Prime Minister right now m8

You mean like Democrats have done for their corruption & side projects like hookers & blow?

>so disgustingly retarded?
have you seen japanses porn? not even your porn stars know what to do with a woman.

>putting into 401(k)
>not buying BTC and hodling

>actually defending using twitter as a news source
Wow user. I thought your first post was a trolling shitpost but I stand corrected

if you haven't set up a 401k already, it's too late... you were never going to retire anyway

only limit is $18k/year

this topic is about 401k contributions, which 67 year old retirees are not doing.

Men, mgtow. I don't do the whole 'work for somebody else thing' its much better to just work for yourself.

how much you make a year working for yourself?

>buying at the top

I did that in 2013

don't be me

18k? cool, thought it was a percentage, but that makes sense

>Contribution limits to 401(k) is 18,000 per year

I did not know that. I'm guessing that's why my paycheck went up last week, I hit the maximum for the year.

Thanks for the chuckle user

Stop being poor fags and get a real job my grandparents are boomers never pull out of their 401k because it’s a scam. Are people really that unwilling to work and good job and depend on money that’s not theirs to live fucking upsetting. Government control only drives the price up.

>never pull out their 401k
legally required at 70.5 years old

>Stop being poor fags and get a real job my grandparents are boomers never pull out of their 401k because it’s a scam
You sound like an intelligent authority on the matter.

69, 71 never do for whatever reason

All this shit came from a wsj article that casually mentions theoretically Republicans might do this, and that someone's suggested it during a talk.
The budget resolution passed the other day makes it highly unlikely that this is in the mix.

...

>all these smug 401k posters

Enjoy paying taxes and losing money in the next "market correction"

the Republican plan is to shift more taxes onto the middle class so they can cut business tax rates and encourage people to put their money in Roth IRA so they will pay taxes up front and also be more likely to raid their IRA to spend

crooked god damn Republicans are complete fucking scum and the stupid fucking gun nuts and morons who think they are someday going to make abortion legal support them drives me nuts

Aren't the rich going to be taxed more tho

>i don't understand how investment accounts, taxes, or markets work
the post

>be middle class Bernie supporter
>donate all your money to Bernie
>you're now poor
>"I'm so poor, I need dem programs!"
They're saving you from yourself.

are you a natural english speaker? anyway, the 401k brokerage will 100% start issuing you checks automatically at 70.5, your involvement is not necessary

>It's treading on twitter.

Dude, you're seriously retarded. The cap is $18k/yr and has been so since 2014. It will only increase. Jesus Christ you people are fucking stupid

t. I'm an RIA you fucking loser

anyone not understanding compound interest should be prevented from managing money, including their own

Bitch, please. My money goes in an IUL

A middle class worker can also contribute to a super PAC. What even is his point?

My employer contributes about $10000 and I contribute $18000. I'm going to go ahead and call you a liar.

They know their readers will never make it that far into the article.

Fuck, most don't read the article. Titles ONLY LOL

Smith & Wesson retirement plan. IDGAF

Thank you

Except I thought this at 3k, 4k, 5k, and now 6k.

It's more like 4% with stupid verbiage, I work in the industry and most companies match 100% of the first 3% you contribute and 50% of the next 2% you contribute. So you the employee contribute 5% off your gross and the company is actually only matching 4%.

All you 401k are shit, 15 years robots will be doing all the jobs and your 401k will crash.

And those robots belong to companies which you hold shares of in your 401k. If anything, investing mitigates the risk of automation.

>and your 401k will crash.
pic related

>it's a program
> they hire out the investment managenent

This poster is literally making shit up.

This poster is beyond education, but for the benefit of the rest of you

>us tax code allows contributions to retirement plans to be deducted from taxes
>to prevent abuse, they asses a tax penalty for early withdrawal (else people would use these plans to dodge taxes)
>they also put in a bunch of limits (18k max, there are also employer contribution maxes, and special maximums based on income level and employer wide avg contribution
>a 401k is set up by an employer
>the employer owns the plan (but not the money inside) and is responsible for writing the qualified plan document and administering the plan
>since most employers don't know shit about this stuff, they generally have a vendor write and qualify the plan, as well as administer the plan and investments.

The government involvement is:
>they maintain the tax code that determines how much tax you can defer
>the sec regulates many if the investments (401k or not)
>FINRA, a non government (but effectively quasi government) agency regulates the agents that sell the investments (also 401k or not)

>fun fact
You can not be sued for money in a 401k (except for divorce) and 401ks are impervious from creditor claims or garneshment ( save for as ordered in a divorce decree)

I think he's confusing 401k with a HSA (Health Savings Account)