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Don't think retirement plans are safe from Trump tax plan

The tax break on contributions to qualified retirement plans is still an attractive source of revenue to an administration needing a win on tax reform.

By Nick Thornton | Updated on August 02, 2017
While Treasury's Mnuchin repeated guarantees that tax reform will occur in 2017, White House official Marc Short said the tax-preferred treatment of contributions to retirement plans is still on the table. (Photo: AP)

While the White House is vowing to have a tax reform package on the Senate floor by November, few details have emerged as to exactly what it will look like.

What is known is that the tax-preferred treatment of contributions to qualified retirement plans is still under discussion, according to Marc Short, the White House Legislative Affairs Director.

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Nick Thornton

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.

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