Originally Posted by
Airhogg
Because you are putting it into a qualified plan that falls under IRS guidlines. (Regardless of if they take a chunk now or later) If you want to scare yourself, read a little about how much control the government can legally exercise over your 401k, it's disturbing 😱 " Some Democrats have floated seizing all 401k money to balance the budget and doling it out to you as they see fit. "...
and THAT is one of the reasons Madison proposed in 1789 adding the Bill of Rights to the Constitution (just ratified the year before). that "right to bear arms" language might come in handy someday...