Thinker101
Diamond Member
- Mar 25, 2017
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Provisions would have a major impact on how millions of people plan their retirement savings. Yet these far-reaching changes were added to the bill in secret, without any congressional hearings or public comment. New rules could apply to millions of households, including 37 million with traditional IRAs, 26 million with Roth IRAs, and 60 million 401(k) participants.
These provisions would cap the total amount a person can save with tax benefits, force some people to reduce their savings, and prohibit many savers from using the common practice of converting from a traditional IRA to a Roth IRA.
House tax bill would do long-term damage to IRAs and retirement savings
These provisions would cap the total amount a person can save with tax benefits, force some people to reduce their savings, and prohibit many savers from using the common practice of converting from a traditional IRA to a Roth IRA.
House tax bill would do long-term damage to IRAs and retirement savings