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Republicans are considering a proposal that would radically change the way you save for retirement





retirement

  • 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.

The Wall Street Journal’s Anne Tergesen and Richard Rubin on Friday reported that GOP tax writers on the House Ways and Means Committee were considering read more >>>

Source:: BusinessInsider.Com

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