401(k) deferrals would be affected by a proposed tax plan, EBRI says.
House Republicans are reportedly considering a proposal to cap contributions on pre-tax, traditional 401(k)s at $2,400, according to reporting in the Wall Street Journal. Contributions above that threshold would be invested after-tax in Roth accounts, which are drawn down in retirement tax-free.
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.