Proposal that would radically change the way you save for retirement

[bklyncyclist]

I am surprised no one has posted about this yet.
Real friends of the Working Man! Hilarious!

http://www.businessinsider.com/retirement-saving-401k-changes-in-trump-tax-plan-2017-10

[atxian]

 I saw this earlier but I think and hope it is fake news. No specific Congress people have come out and supported this...

The only way it could possibly make sense is if Roth contributions are unlimited in exchange for a very low 401k limit...


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[wenchsenior]

It's being discussed in several other threads, mostly in the Taxes section of the forum.

[inline five]

The middle class pays for the tax cuts for the wealthy, sounds like an awesome idea.

[maizefolk]

There's one thread in the taxes subforum https://forum.mrmoneymustache.com/taxes/wsj-theres-talk-of-capping-401(k)-contributions-at-$2-400-per-year/msg1741251/#msg1741251

And another in the investor alley subforum https://forum.mrmoneymustache.com/investor-alley/republicans-consider-sharp-cut-in-401(k)-contribution-limits/msg1741565/#msg1741565

[Yep.  Locking, since this is covered elsewhere]