The tax incentives for saving in qualified retirementaccounts are reportedly under threat as the Trumpadministration and Congressional Republicans look to move onlongstanding promises to reform and simplify the tax code.

Early indications are that lawmakers are tinkering withproposals that favor the Roth, or after-tax contribution structureof savings vehicles.

Another idea that emerged from House Republicans’ blueprint fortax reform was Universal Savings Accounts, which would incentivizeincreased savings rates by not taxing investment growth ondeferrals made on an after-tax basis. The accounts would bepatterned on Roth IRAs, with one major distinction: withdrawalscould be made at any time before retirement without a taxpenalty.

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Nick Thornton

Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.