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Subject:  Re: How does the 250k bracket work? Date:  11/19/2012  11:28 AM
Author:  telegraph Number:  655960 of 883137

Sooner or later deductions for 401K/IRAs are going away or will be severely capped.

That's something like 800 billion a year in 'lost tax revenues'...... (really just deferred, but to a politician, it is what can I spend this year...not 20 years in the future when folks retire and take their money out)

Besides, the gov't has plans for your money in a government retirement 'supplemental' plan to SS......where it will be carefully placed in a lockbox to be available for you when you retire.

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