When considering a topic as broad and politically charged as taxreform, there are two major issues to consider when gauging itsimpact on retirement: structural changes in thetax code; and the impact of tax changes on the budget deficit --who will pay for the changes when they are expected to reducerevenue?

The tax reform proposals put forth by the Trumpadministration would reduce the number of personal taxbrackets, lower the corporate tax rate to 15%, eliminate theAlternative Minimum Tax (AMT) and keep the capital gains taxbrackets on investments at current levels (20%, 15% and 0%).

On its surface, there should be relatively little impact ofthese proposals on the economics of retirement savings.

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