Maybe it's not quite yet a household word.
But without a doubt, more savers in workplace retirement plans have now at least heard the word "Rothification," a term coined in the months-long run up to the release of the GOP's tax plan yesterday.
Belying months of speculation, Republicans were able to advance tax cuts and stay within budget parameters without using deferrals to traditional 401(k)s and IRAs as revenue offsets. Not only were 401(k) contributions spared, but so was the largest expenditure in the tax code — employer-provided health care plans.
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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.
