Full disclosure: I have no idea what I’m talking about when it comes to “big money”
Would, say, transferring my 401(k) to a Roth IRA safeguard it against this kind of crap? “Roth IRAs are better” is something I’ve heard people with money say lol.
Would, say, transferring my 401(k) to a Roth IRA safeguard it against this kind of crap?
You’re safeguarded anyway. What these assholes are proposing wouldn’t force you to give them your money, it would however let you make the bad decision for you to give them your money. In short, they haven’t gotten your money and even if they get the rule change they want, its still your choice to give it to them.
Full disclosure: I have no idea what I’m talking about when it comes to “big money”
Would, say, transferring my 401(k) to a Roth IRA safeguard it against this kind of crap? “Roth IRAs are better” is something I’ve heard people with money say lol.
You’re safeguarded anyway. What these assholes are proposing wouldn’t force you to give them your money, it would however let you make the bad decision for you to give them your money. In short, they haven’t gotten your money and even if they get the rule change they want, its still your choice to give it to them.
Roth is better if you are making less money now than you expect you will be when you retire. 401K and normal IRA are generally better otherwise.