10 Ways Your 401(k) Can Fail You
8. Government needs
The tax-deferred status of 401(k) plans is an inherent strength that, in theory, allows you to save more and give less away to the government down the road.
The problem, like any other tax strategy, is that the government can change the rules. Among the ideas floated to reduce government tax expenditures are capping pretax contributions and chipping away at retirement savings deductions.
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