Well, it won't effect me either way, but I have been using pretax money to put in my retirement accounts for years.

IT WORKS......

You just have to live under your means, big deal, you should anyways.
Since Reached 60, I think it was, I was allowed to put the max, 30% of it away, boy that adds up fast!

Trump would be making a BIG mistake to remove this pathway to acquiring some security in our later years.

http://www.foxnews.com/politics/2017/10/23/trump-knocks-down-reports-big-401-...

If I don't use the money I will gift it to my kids.

On another note, how does this happen?

My brother in law moved up by us when he got a divorce about 5 years ago.
He bought a house free and clear for around 160, 000.
Just sold it for 370,000.
Bout a house in Tennessee for around 200,000.
A big house, looks really nice.

He won't work, smokes, grows pot, slacker.
However, he gets free medical from the state, nothing out of pocket.
How does this work?
Do they not consider any assets?

When I asked him about it last night over dinner, he got squirrelly and just mumbled a lot.

Anybody know the answer to this riddle?