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"Congress is considering whether to reduce the benefits of contributing to a 401(k) and similar retirement plans — even as Congress members bask in the safety of the pension system that taxpayers fully fund. The lucky participants in the best retirement plans around are coming after yours with a meat cleaver. 'In the next round of tax reform, it’s not really a question of whether retirement plans will get a haircut, but of how much,” Eliminate or restrict any of the four legs: a traditional pension, a 401(k)-type plan, Social Security and supplemental savings in taxable accounts, and you make a secure retirement more challenging. Yet that is what Congress, perched securely on its own, cushy taxpayer-funded four-legged stool, is considering for the rest of us.”
At dianeravitch.net
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