http://www.consumerismcommentary.com/2005/12/01/possible-changes-to-retirement-plans/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 http://www.consumerismcommentary.com/2005/12/01/possible-changes-to-retirement-plans/#comment-1251 mbhunter Fri, 02 Dec 2005 08:48:10 +0000 http://wp.consumerismcommentary.com/?p=664#comment-1251 Hmmmm...I don't know about the automatic 401(k) enrollment for the employees. Why are they pushing for it? Yes, it does get more people saving, but I'd rather have more control over my money than less. What's down the road? A 50% tax on 401(k) distributions? If my retirement money is in a 401(k) and I need it to live off of, what choice would I have but to give them half? It's a tax-advantaged account now, but the flip side is that it's not a tax-advantaged account later. Call me a cynic, but I suspect that Uncle Sam's debt will start to come due and they'll expect me to pay for it. Hmmmm…I don’t know about the automatic 401(k) enrollment for the employees. Why are they pushing for it? Yes, it does get more people saving, but I’d rather have more control over my money than less. What’s down the road? A 50% tax on 401(k) distributions? If my retirement money is in a 401(k) and I need it to live off of, what choice would I have but to give them half? It’s a tax-advantaged account now, but the flip side is that it’s not a tax-advantaged account later. Call me a cynic, but I suspect that Uncle Sam’s debt will start to come due and they’ll expect me to pay for it.

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