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Inmate Central Inmate Central, where civil and family-friendly discourse about off-audio topics (other than religion and politics) is welcome. |
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In Reply to: Easily amused today? posted by Steve O on April 15, 2024 at 15:42:39:
Tax policy incentives to save for retirement are turning out to be less lucrative than originally advertised.
The objective is for folks to provide the missing part of retirement income requirements for themselves sans gubment handouts. SSA was never meant to replace normal earnings.
Speaking only for myself, when I begin withdrawing 401K savings, they'll likely be taxed at a rate higher than the rate I would have paid if I had taken those funds as income when they were earned
Sorry to hear that. Ever hear of a Roth IRA?
A defined benefit pension is probably better for most non-exceptional workers.
Yeah, some folks make not only poor financial decisions but ones regarding health as well. In a free country, that is our right. We certainly don't need gubment nannies to determine those answers - just incentives.
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Follow Ups
- You completely miss the objectives of either - E-Stat 16:12:49 04/15/24 (6)
- I'm not talking about SSA - Steve O 16:24:29 04/15/24 (5)
- Same discussion - E-Stat 16:42:43 04/15/24 (4)
- So you're OK with gubmint subsidies - Steve O 17:51:28 04/15/24 (3)
- When they - E-Stat 17:58:59 04/15/24 (2)
- EV subsidies OK? - Steve O 05:06:53 04/16/24 (1)
- Not pour moi! - E-Stat 05:44:28 04/16/24 (0)
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