Quote Originally Posted by Skip View Post
Based on the idea you will get what you have paid in+.

And that $24K cap (or whatever it is now) doesn't go as far as it used to.

They should just admit it's a tax, stop taxing on top of it, and tax distributions. This would be closer to a 401K. You are not taxed on 401K contributions but you are likely to be taxed on distributions above the combined cap.
Or we could just scrap the whole program and allow people to invest as they see fit instead of relying on the nanny state to care for them in their retirement. The whole program is just one gigantic step into a welfare state.... Because who would bite the hand that feeds them, right?