Tax Reform and 401k Savings Plans–What New Limits Would Mean
Many workers have 401k savings plans at the core of their retirement planning, and any major limitations placed on this tax-deferral strategy could dampen their ability to put aside funds for those later years. As tax reform discussions heat up, though, it appears possible that changes may be proposed that would severely limit workers’ ability to save, something that would likely make the future more dismal for retirees. Patricia Cohen, national economy writer for The New York Times, examines the implications of such a move in an article posted on www.nytimes.com. Read it here…
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