Tapping the tax-preferred status of employer-provided retirement plans and traditional IRAs to fund tax reform is not a new idea.
But as the Trump administration and Congressional Republicans are under political pressure to deliver on tax reform before the 2018 mid-term primary season, this time around the prospect of Rothifying all or some portion of the retirement system is different, says Jessica Sclafani, an associate director at analytics firms Cerulli Associates.
“The idea has been lurking out there, but now it is being taken more seriously as an option for tax reform,” Sclafani told BenefitsPRO.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
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.
