AVENTURA, Florida – Many gripe about Congress failing to do a thing about anything, but if you're in the retirement business, gridlock can be good.
That's because efforts at tax reform, stalled for most of the year, threaten to wipe away at least some of the $83 billion in annual tax exclusions related to pension plan contributions and earnings.
Russell Sullivan, who watches Capitol Hill as a senior advisor with McGuireWoods Consulting, says there's plenty of reason to be skeptical lawmakers will tackle tax reform any time soon.
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