I think it will only hurt 401k's if they have over a billon in assets, or pull out $100M/annual. In which case... I think I'm still ok with it. I remember someone has a billon+ Roth IRA, and at some point that is just getting really lucky and then abusing the structure.
Income tax was originally only applied to the wealthy. Now look where we are. Even if they do pass the bill with those limits it is only a matter of time until they lower it more and more and it applies to everyone.
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I think it will only hurt 401k's if they have over a billon in assets, or pull out $100M/annual. In which case... I think I'm still ok with it. I remember someone has a billon+ Roth IRA, and at some point that is just getting really lucky and then abusing the structure.
Income tax was originally only applied to the wealthy. Now look where we are. Even if they do pass the bill with those limits it is only a matter of time until they lower it more and more and it applies to everyone.
Yep, it's a strategy to divide opposition and get people used to the idea of it