The Plan to Save Social Security

…and wreck your 401(k) [The Daily FWD] February 20, 2024 [UNSUBSCRIBE]( The Plan to Save Social Security Hi Reader, Here’s what our editors are looking at today… [Click here to learn more]( News: Emily Clancy – Ending 401(k) Tax Breaks According to recent studies, Social Security Insurance will be insolvent in about a decade. At that point, payroll tax revenue would only cover about 77% of all benefits. A new proposal from the Center for Retirement Research (CRR) suggests eliminating tax advantages for 401(k) plans and other employer-sponsored retirement accounts. The paper recommends that the estimated $185–189 billion per year in lost federal tax revenue — circa 2020’s estimate, for instance — would be better used to subsidize Social Security's funding shortfall. The balance of the evidence suggests that raiding Americans’ private retirement savings to prop up Social Security would significantly reduce private retirement savings and slow capital accumulation necessary to sustain a growing economy. Retirement savings are always better in the hands of the savers… and not the government to do with what they will… [⇒ Read More Here]( Recommended Reads: [Download This New Survival Guide Today!]( There is a “Crisis Survival Guide” that is available to all The Daily FWD readers today. This short 54-page document has everything you need to know to protect yourself and your family in times of crisis. Things like what foods to stock up on now, staying safe during periods of rioting and looting and more. Inside it breaks down all of the coming threats you face and how to prepare. [>> To see how to download your copy, click here now](. [Click here to learn more]( Retirement: Sean Ring – The One Asset The USG Can’t Seize There are convoluted ways to protect your wealth. And there are fun ways to protect your wealth. Buying a house in another country is a fun way of protecting your wealth. Here are the steps you can take to secure your own home abroad… [⇒ Read More Here]( [Click here to learn more]( America: Brian Maher – The Senate’s $95.3 Billion Handout $60 billion for Ukraine… $14 billion for Israel… $8 billion for Taiwan and Indo-Pacific allies… $9.1 billion in humanitarian aid to Gaza. Shovel in some sundry billions for sundry purposes… and the American taxpayer goes upon the hook for a $95.3 billion bill. Here you have, in summary, the “emergency spending” bill passed last week by the United States Senate… here’s what it means… [⇒ Read More Here]( That’s all for today, we’ll be back tomorrow with what our editors were thinking about this week. Make sure to email us [here](mailto:feedback@paradigmpressgroup.com) with whatever crosses your mind that you want us to cover. We look forward to hearing from you! Looking forward to your financial future, [The Daily FWD] The Daily FWD [feedback@paradigmpressgroup.com](mailto:feedback@paradigmpressgroup.com?subject=Daily FWD Feedback) Recommended Reads: [Urgent Note From James – Response Requested By Midnight]( [I just made a massive change to my Altucher’s Investment Network newsletter.]( This is one of the biggest changes to a newsletter in the history of our business… As far as I know, nothing like it has ever been done before. I’m adding 3 brand-new benefits to this all-new “Pro level” of Altucher’s Investment Network . And as one of my readers, I’d hate to see you left behind. That’s why – until MIDNIGHT tonight – [you’ll be able to upgrade your current subscription to this new “Pro level” by clicking here.]( [⇒ Seriously. 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