Reuters: U.S.

Friday, October 20, 2017

News Alert: Financial industry worried GOP tax plan will change 401(k)s

 
 
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Financial industry worried GOP tax plan will change 401(k)s
Financial industry groups and Democratic lawmakers are concerned that Republicans’ forthcoming tax-reform bill could make a big change to the taxing of retirement funds.

Stakeholders say they’ve heard that Republicans are considering significantly lowering the amount of money people can tuck into their traditional 401(k) plans on a pre-tax basis.
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