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.
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.
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment