Do the tax incentives of traditional 401(k) plans really provide incentive to save for retirement?
That question may emerge at the forefront of Congress' debate over tax reform, which is expected to ratchet up when lawmakers return from their summer recess in September. The White House has pledged to have a tax reform bill on the Senate floor by November.
Details on the framework for reform are few at this point, but at a recent forum hosted by Americans for Prosperity, a conservative activist organization, a White House official confirmed that the tax-preferred status of 401(k) and IRA contributions are being considered to offset lower individual tax rates.
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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.
