‘The 401(k) industry owns Congress’: How lawmakers quietly passed a $300 billion windfall to the wealthy
Just a moment...
https://www.politico.com/news/2024/04/13/how-your-401k-ate-the-federal-budget-00150319
https://www.politico.com/news/2024/04/13/how-your-401k-ate-the-federal-budget-00150319
!politics
Welcome to the discussion of US Politics!
Rules:
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
I started looking into it, found cash balance plans that allow very high contributions to tax advantaged retirement accounts. However looks like something that is not available to the vast majority.