As Congress readies to put the finer points on the Trump administration's pledge to reform the country's tax code, questions remain as to whether lawmakers will tap the tax-preferred treatment of qualified retirement savings plans to fund lower individual rates.
The so-called Rothification of defined contribution and IRA savings deferrals is reportedly still under consideration.
This despite a concerted lobbying front from consumer and employer advocates and the financial services industry, who argue Rothification would negatively impact the amount of savings workers would defer to retirement plans.
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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.
