Page 30 - 401 K News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Issue of 401 ks, what to do about them. should the amount people are able to contribute to their 401 k amounts change? a lot of republicans saying yes. the president sending mixed signals suggesting he may be open to compromise, but then initially tweeting this. there will be no change to your 401 k. this as always been a great and popular middle class tax break that works and stays. yesterday paul ryan was asked about whether the president could complicate the efforts to move forward on tax reform. take a listen. >> are you concerned that in the rollout next week when you detail the tough cho...

$78 billion will end up over seas. that's three times the middle class tax relief for households under the entire tax plan. looks as though the 401 k is safe here. the thing is that the 401 k, people don't put enough in it. you're probably not saving in uf for retirement. to take away the tax benefits of that is something that retirement planners were worried about. >> something has got to give. you have to raise revenue. if you get it through -- >> how are you going to pay for it. >> a big step in the return to normalcy for parts of puerto rico. public school classes set to resume this mornin...

Under cut their efforts to try to make this financially feasible when he said the 401 k is off the table. as far as you're concerned, is the 401 k off the table and if it is where is the money coming from? >> well, let me go -- you are right. i'm at the forefront of the stopping the spending spree. we are 20 trillion in debt. under the obama administration they doubled it. and i just showed you on the other side of the aisle they are raising taxes by 20 trillion. so it's very hard to restrain spending in the swamp. that is probably best definition of the swamp is the spending bills. the defici...

Will the 401 k survive? do we know? >> i want to take a step back. next time the president says he expects democratic support widespread on this tax plan you have to listen to what chuck schumer just said which is that this is a disaster in his words, not mine. that is a big deal because that cements the idea that the plan is not going to get much if any democratic support in the senate or on the house for that matter. we don't know much about the plan and will know next week just broke on november 1 we will begin to see text on the tax reform plan. on the 401 k element trump said in the room ...

Looking at putting the meat on the bone in the tax frame but the tax cuts and the tax reform details that i guess will just wait to see as we look at all things here in comparison to all the other elements. >> you don't want to comment directly on 401 k? >> anybody who comments on something they haven't seen the details of i think is probably unwise. so the reality is we need to create an environment where the working americans have more money that they can choose to save. however they save that, we have to provide those opportunities where they feel that they have opportunities to save. >> lo...