HRC proposed something similar, she proposed the govt - taking charge of your 401 funds, Posted: Nov 30th, 2019 - 9:22 am In Reply to: So does Mayor Pete. His "voluntary government 401K" - is merely the first step to a
in return for a guaranteed 2% rate of return. Thus, the govt. can guarantee a pension to all of us, apparently even to people that never worked, worked very little, or even if you spent all of your money at the local tavern during your working years instead of saving it. They'll just use other people's money to redistribute.
Social Security was conceived as and IS a supplemental retirement plan. But it failed and thus was created 401K’s along with IRAs.
ANYONE can get an IRA, even if their company offers a 401k and you can even get the tax credits for your IRA if you don’t contribute to your 401k
This doesn't make any sense as a plan - it doesn’t benefit anyone... except the government which will take in more money and harm the individual.
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