Willie Sutton was a famous bank robber.
One day he was asked, why do you rob the banks?
He answered, “because that is where the money is.”
If you think about yourself personally, where does the majority of your money sit right now?
The 401k and IRA system is vulnerable to the Government. It’s where the modern day gold sits.The 401k and IRA system is vulnerable to the Government. It’s where the modern day gold sits.
These are Government sponsored accounts where they can change the rules to meet their needs. IRA’s and 401k’s are the most traceable and identifiable asset Americans own.
At this very moment the Federal Government desperate for more tax revenue is laser focused on the money in these plans. As time marches on, the encroachment on this money through the manipulation of taxes has become real starting with the Secure Act of 2019.