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0 pointsceejayoz9y ago0 comments

They've the power to add taxes to 401(k)/IRA withdrawals in the future. I think it's unlikely - it'd be political death to whoever proposed it - but it's theoretically within their abilities.

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logicalmind9y ago

They could realistically change the tax structure or even the retirement age(s) at which you could withdraw the funds. But if there were another mega-stressor to the financial system in the future, it seems that this pool of trillions of dollars would be ripe for the picking. Let's face it, lobbyists get what they want. Not the people. So if the bank's risky investments cause a panic and the only thing preventing an economic meltdown is the re-purposing of 401k funds....well...

ceejayozOP9y ago

If we get to the point of nationalizing private bank account balances, we've all got bigger issues than retirement.

logicalmind9y ago

I highly doubt it would be that direct. A realistic way to do this would be to change the tax structure based on age. Meaning, the only way to extract the money without incurring severe penalty would be to do so after some advanced age. Then put in place a rule that any funds left after death become part of a new social security style safety net. Likely for the ever-increasing number of baby boomers who are retiring and living longer than ever.

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logicalmind9y ago

ceejayozOP9y ago

If we get to the point of nationalizing private bank account balances, we've all got bigger issues than retirement.

logicalmind9y ago

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