Republicans are considering a proposal that would radically change the way you save for retirement
|10/21/2017||Posted by BusinessMediaguide.Com under General World News||
- Republicans are reportedly considering a cap on the amount people can put into a traditional, tax-deferred retirement account.
- One proposal would cap the amount at $2,400 annually and force people to use a Roth account for anything over that.
- The plan would help pay for the GOP’s massive tax overhaul but could depress retirement savings.
Republicans are reportedly considering a massive change as part of their tax-code overhaul that could drastically alter how Americans save for retirement.