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A summary of Sen. Ron Wyden’s draft proposal puts the market value of high-value Roth IRAs between $8 billion and $13 billion. (AP Photo)

Claiming that the tax code needs “a dose of fairness” when it comes to its treatment of retirement savings, Sen. Ron Wyden, D-Oregon, issued a discussion draft of legislation that would cap contributions to so-called “mega” IRAs and make it easier for younger workers struggling with student debt to receive contributions to 401(k)s from employers.

Nick Thornton


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