Paul Ryan - Current Retirement Incentives to Be Retained

[MPMD]

Yeah i mean we're basically 1.5 months from thanksgiving then into Christmas. There are recesses built in there as well of course.

Come back from holiday break and we're in what is going to be a bloodbath of a midterm election year. Call me crazy but I don't think a year long argument about taxes is great political for the current admin.

The WH proposal is so full of gaps it's hard to even debate it, new brackets are proposed but no income designations. The WH people are on TV angrily responding to questions about the proposal by saying it isn't fair to attack it because it isn't complete yet.

I'm personally worrying about other stuff at the moment.

[DMFA]

Craigy wrote:

This is of course assuming congress gets anything done with this at all.

Click to expand...

Biggest assumption one can really make, p much.

[Faithful Steward]

If Cogress were to ever propose taxing Roth money a second time, we'd have one of the best funded revolutions, ever!

[MPMD]

I think the logical position right now is to be extraordinarily skeptical that anything other than the status quo will be in effect until 2020.

If you want to know what is possible or likely I think you need to understand where people like Collins, Murkowski, and McCain are not Paul Ryan.

[Craigy]

Newt Gingrich and Paul Ryan just did a live (today 10/4/17) discussion of the new tax plan, and Ryan stated that they're going to retain all of the current incentives under the code to save for retirement, presumably putting to bed any of the rumors that things like 401k, IRA, Roth will go away or be otherwise substantially altered.

This is of course assuming congress gets anything done with this at all. But personally I'm happy to hear this.  I admit I was a little curious/excited for the possibility of some improvement, but in my gut I doubt we would have seen expanded retirement options, only curtailment.