Originally Posted by
nene
That was the point of my response. Gundam was hoping for the good ole FED Govt to take over all retirement planning (ala SSA) and we, as good peasants, just work and wait for the FEDS to make it equitable for us.
My point was that unfortunately, we are probably only a few dozen more $$Trillion away from the govt deciding that seizing assets to make things fair is only equitable way out. When the FED Debt INTEREST exceeds all other spending by a mile, you will start to see more and more of the country cry out for essentially a "reset". Student loan forgiveness will just be the opening salvo, as progressivism is not happy until everyone is equal in their own misery.
So what’s the solution? Hit a certain preset number in the 401k say 2 million and then shift to a different post tax brokerage account? Physical gold - you know the William Devane plan. It seems like if we get to that point we are pretty much all screwed. I do definitely see a risk down the road.
Scoop