“They’re coming for your 401(k),” warns the author of today’s article. Who is “they”? The government, of course: in order to boost government coffers the Trump administration is considering changing the way in which 401(k) contributions are taxed, with this money potentially being taxed before it goes into your 401(k), rather than being taxed when it is withdrawn. The author proceeds to outline how this “Rothification” of 401(k)s will only make the nation’s retirement crisis that much worse. To read more, CLICK HERE.
Why This Change Could Mean The End Of The 401(k) As We Know It
- by Bob Mitchell