“401(k) servicing industry sounds alarm over tax changes”
I wrote about this probably going on a year ago, and at the time it seemed like some sort of wild-eyed conspiracy theory, even to many on “our” side. But look at the facts: we have an insatiable government spending over a trillion dollars beyond its yearly means, with politicians breaking their no-tax pledges to bleed “the rich” in the name of “economic patriotism.”
Do you really think that such deplorable creatures will leave “your” retirement money alone, untaxed? When we all know that whatever money there is belongs first to the government, who then gets to tell you how much you can keep?
How could anyone not have seen this coming, is the question.
It’s another “nudge” to get servicing industries out of the business, leaving a void to be filled by the feds, who will likely propose an annuity plan in exchange for controlling “your” retirement money.
Luckily, that makes it easier for them to bill you for your “free health care” once you are into retirement and the piper’s fee comes due.