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Old 02-09-2015, 10:37 AM   #121
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You folks worry too much. Wake me if this ever appears in a bill that makes it out of committee.


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I saw the recent 529 proposal as a pilot attempt.

Sooner or later....
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Old 02-09-2015, 12:44 PM   #122
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I saw the recent 529 proposal as a pilot attempt.

Sooner or later....
Definitely. That's how these things are done. Some go away, others show up at the last minute in some "budget deal".

I just wish "we" would top trying to encourage people do one thing or another. Simplify the tax code and stop nudging people to save more, buy a house, buy a Tesla, stay single, insulate your house, and so on. It's gotten way out of hand.

Signed,

The happy curmudgeon
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Old 02-09-2015, 01:00 PM   #123
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$401000 should be the maximum amount limit one can accumulate, don't you think?
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Old 02-09-2015, 01:06 PM   #124
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$401000 should be the maximum amount limit one can accumulate, don't you think?
there currently isn't and there shouldn't be a limit on balances

currently there are limits to annual additions to accounts - do you think those are too high?
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Old 02-09-2015, 01:11 PM   #125
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..... and there shouldn't be a limit on balances....
Your opinion that you are entitled to but others may have a different view.
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Old 02-09-2015, 01:15 PM   #126
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there currently isn't and there shouldn't be a limit on balances

currently there are limits to annual additions to accounts - do you think those are too high?
That was a tongue in cheek joke, "" - a dead giveaway. You want no limit on 401k (= $401000), yeah, everyone got that from your previous posts. Not everyone shares your point no matter how many times you repeat it (even against a joke).
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Old 02-09-2015, 01:20 PM   #127
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Your opinion that you are entitled to but others may have a different view.
+1.

(I'd bet those who want no limit on 401k accumulation would want to government to do something about AMT limit ... )
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Old 02-09-2015, 01:26 PM   #128
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you guys can think whatever you want, as long as you don't steal from my 401k/PSP

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Old 02-09-2015, 01:46 PM   #129
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Breathe easy, folks, and relax.
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Old 02-09-2015, 01:49 PM   #130
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Old 02-09-2015, 02:03 PM   #131
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you guys can think whatever you want, as long as you don't steal from my 401k/PSP

Not stealing at all... just restricting your contributions.
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Old 02-09-2015, 02:05 PM   #132
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(I'm relaxed dammit!)

Technically they are considered employer contributions, even the k deferrals

but hey, at least I get to make that 6K catch up for the time being
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Old 02-09-2015, 02:44 PM   #133
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we already have them - 415b, 415c, 402g - we don't need to be looking at balances, that's just silly - who gives a crap whether someone took a big risk and it paid off?
You quoted one sentence from my post. But, I think I covered the "need" issue in a couple other sentences that you didn't quote:

Quote:
One issue is that some people have both DC and DB, and it seems that they should coordinate somehow. Earlier attempts haven't been that good.
Another is that some DC accounts have accumulated assets far about what Congress ever envisioned, and this is a bandaid to stop that from getting even "worse".
I don't actually like the word "need" here. Obviously, Congress doesn't "need" to do anything. But, I think those are decent reasons that support this proposal.
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Old 02-09-2015, 03:50 PM   #134
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^ Earlier attempts (any of you old farts remember 415e) worked great they were just awfully complicated and thus repealed in the late 90s.

The repeal of 415e is arguably the greatest accomplishment of the Clinton administration.
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