Social Security Report

Next tax reform may address retirement accounts

In the United States, basically there are 15 general types of retirement plans, and many of these plans have their own sets of rules on contribution limits, tax deduction limits, and guidelines when savers can contribute and withdraw their funds. According to reports from TaxNotes, House Ways and Means Committee Chair Kevin Brady (R-TX) has said that some lawmakers intend to revise the tax treatment of retirement savings to make them bigger, more flexible, and easier to use. Read article here…

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