As the Trump administration and lawmakers consider amending the treatment of qualified retirement savings contributions to fund tax reform, they will have to reckon the impact that would have on savings rates.
They’ll be doing so with limited data on how “Rothification” would affect the $7.3 trillion defined contribution market.
Lawmakers are reportedly considering moving all or some portion of the defined contribution market to a Roth, or after-tax model, to bring tax revenues into the 10-year budget window.
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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.
