While the rest of us were busy wishing a not-so-fond farewell to the strange year that was 2012, our friends in Washington were burning the midnight oil to hammer together a last-minute workaround to the fiscal cliff fiasco.
And hidden in that documentation – along with the regular mix of year-end riders attached to such a Hail Mary-styled piece of legislation, including tax breaks for NASCAR and the alternative fuel industry – were a couple of tangible impacts to the retirement world, though one may offer just short-term benefits.
First up, it looks as though folks hoping to roll over their regular 401(k)s to Roth 401(k)s may get an opportunity for a long-term tax break – lord knows you're going to need one, as your taxes really are going to go up.
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