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Will Republican Tax Cuts Mean Lower Limit On 401(k) Contributions?

Will Republican Tax Cuts Mean Lower Limit On 401(k) Contributions?

7 years ago
Anonymous $ZOEEBQ1zf0

https://consumerist.com/2017/10/20/will-republican-tax-cuts-mean-lower-limit-on-401k-contributions/

Some people with 401(k) retirement plans will put as much money into it as they can, but there are whispers that the tax cuts being drafted by Republicans in Congress could reduce the maximum amount of money you contribute to your retirement savings each year.

The Wall Street Journal reports today that among the many plans being considered on Capitol Hill is one that could leave a lot of hurt in its wake in the long term.