Solution To The $2.7 Million 401K Limit. Have A Second 401 And Swiss Bank Account.

[KnobbyWalsh]

Between the Dems out to steal your money and the collapse of Obama-Care, we could have a shot of taking the Senate.

We? hahahahahahaaha What's this "we" shit? You really THINK you're one of them? You really think some goddamned politicians REALLY gives a shit about you? You're delusional as most of the people on this forum, SeventhSheep.

 

[OohPooPahDoo]

That's what his budget says.

Right, except his budget doesn't say that.

Sure it does. That's why it places a limit on the amount you can have in your 401K

Right, except that limiting the amount one can put in a 401(k) doesn't actually limit their total savings, it only limits the portion they may put in a 401(k), so your argument doesn't even make any sense at all. Other than that, you are 100% correct.

 

[OohPooPahDoo]

Solution To The $2.7 Million 401K Limit. Have A Second 401 And Swiss Bank Account

The limit is applied across all accounts.

Excess funds can be invested in anything. Bank savings accounts, brokerage accounts, mutual funds, IRAs (within contribution limits), annuities, etc.

Bank interest isn't tax deferred on anything but bank IRA accounts - it doesn't matter what country its in (except that you will get credit for any foreign taxes paid).