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Another comment which has not been brought up is the realization that our 401K might be adequate if we elect to live outside the US when we retire. We have been visiting a number of countries where the cost of living is significant less. This frankly is an option we are considering upon retiring.

I am very concerned that the tax structure will signifcantly change over the next 10 years to cover the growing deficit. Perhaps being outside the US will not be such a bad thing when this landslide hits and increases taxes at all levels.

posted 4 years, 2 months ago
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I hope someone on this show will figure out that the folks who don't benefit from pensions are not retiring!! I have been working for 35 years and have been an agressive contributor to a 401K plan but this will not allow me to retire any time soon. I fear that there is going to be a real class warfare in this country due to those of us (still working) paying for those that are retired. The Public Employees in Oregon are a classic example of this inequity. When these folks retire (in their 50's) they will be collecting pensions for the next 20 years; which makes these packages half million to million dollar retirement packages. This is absolutely wrong and unsustainable.

Fortunately; we have also been buying real estate for most of our lives. It will be this real estate and essentially the annuity payments (rental) which will allow us to retire someday; not the 401K.

posted 4 years, 2 months ago
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