Congress Eyes 401(k)s Again

As employment pension plans are being replaced by 401(k)s, we need to be mindful of any potential changes to tax treatment of these widely used retirement vehicles. An interesting article was recently published from Kelly Greene which cautions us that the tax treatments of these plans could be altered by a government which is in desperate need of raising revenue. Here are the 5 questions that are brought up and answered in this article.

1. Why are retirement accounts being scrutinized now?

2. Why would Congress tinker with the retirement plans they already have set up?

3. What proposals to increase tax revenue, or boost retirement savings, are on the table?

4. If Congress alters tax deferrals, will people still put money away?

5. How much do these plans cost the government in lost revenue?

via Congress Eyes 401(k)s Again.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s