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In the run up to the passage of the Tax Cuts and Jobs Act last December, the financial services industry waged a concerted lobbying effort to protect the tax-preferred status of contributions to qualified retirement accounts.
But in an ironic twist, the landmark bill that lowered the individual tax rates for most income brackets has indirectly made after-tax contributions to Roth plans more favorable for savers, say consultants from Willis Towers Watson.
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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.
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