Thursday, January 4, 2018

Retirement Savings Left Largely Untouched by Tax Reform

Source: Tax Foundation



While rumors flew around Washington in the fall that the Tax Cuts and Jobs Act would dramatically impact retirement accounts, the plan has made only a few minor modifications. Under the current system, retirement plans are rightly subject to only a single layer of taxation, but they are governed by numerous confusing rules and restrictions. Though some of the new changes ease restrictions, the need to reform the disorganized structure of retirement savings remains.


Read more about this at The Tax Foundation

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