The emphatic Monday-morning tweet sent by President Trumpclaiming 401(k) plans would not be impacted by the GOPtax plan created headlines across thecountry.
According to a story first reported in the Wall Street Journal,Congressional Republicans are consideringcapping pre-tax contributions on 401(k) plans at $2,400 a year.Contributions above that threshold would be invested in Roth 401(k)s, which are made on an after-taxbasis and distributed tax-free in retirement.
“There will be NO change to your 401(k),” the President wrote ontwitter. “This has always been a great and popular middle class taxbreak that works, and it stays!”
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