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02-09-2015, 09:37 AM
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#121
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Mar 2011
Posts: 7,494
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 Quote:
Originally Posted by M Paquette
You folks worry too much. Wake me if this ever appears in a bill that makes it out of committee.
Sent from my iPhone using Early Retirement Forum
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I saw the recent 529 proposal as a pilot attempt.
Sooner or later....
__________________
Living well is the best revenge!
Retired @ 52 in 2005
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02-09-2015, 11:44 AM
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#122
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 2,955
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Quote:
Originally Posted by marko
I saw the recent 529 proposal as a pilot attempt.
Sooner or later....
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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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02-09-2015, 12:00 PM
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#123
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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 $401000 should be the maximum amount limit one can accumulate, don't you think?
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02-09-2015, 12:06 PM
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#124
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,756
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Quote:
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?
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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02-09-2015, 12:11 PM
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#125
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 33,666
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Quote:
Originally Posted by Big_Hitter
..... and there shouldn't be a limit on balances....
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Your opinion that you are entitled to but others may have a different view.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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02-09-2015, 12:15 PM
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#126
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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Quote:
Originally Posted by Big_Hitter
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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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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02-09-2015, 12:20 PM
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#127
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Thinks s/he gets paid by the post
Join Date: Nov 2013
Location: Bay Area
Posts: 2,745
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Quote:
Originally Posted by pb4uski
Your opinion that you are entitled to but others may have a different view.
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+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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02-09-2015, 12:26 PM
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#128
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,756
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you guys can think whatever you want, as long as you don't steal from my 401k/PSP
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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02-09-2015, 12:46 PM
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#129
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Administrator
Join Date: Jan 2008
Location: Land of Florida Man
Posts: 38,452
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Breathe easy, folks, and relax. 
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02-09-2015, 12:49 PM
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#130
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,756
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__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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02-09-2015, 01:03 PM
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#131
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 33,666
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Not stealing at all... just restricting your contributions. 
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
Retired Jan 2012 at age 56
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02-09-2015, 01:05 PM
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#132
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,756
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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 
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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02-09-2015, 01:44 PM
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#133
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Thinks s/he gets paid by the post
Join Date: Oct 2006
Posts: 4,629
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Quote:
Originally Posted by Big_Hitter
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?
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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".
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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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02-09-2015, 02:50 PM
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#134
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,756
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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.
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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