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Record-keepers, plan consultants advised to prepare for Rothification

The tax-deferred status of traditional defined contribution plans is clearly on the table -- which is why Cerulli is recommending that record-keepers and consultants prepare a preemptive plan.

By Nick Thornton | Updated on September 12, 2017
The tax-deferred status of traditional defined contribution plans is clearly on the table -- which is why Cerulli is recommending that record-keepers and consultants prepare a preemptive plan. (Photo: Bigstock)

Tapping the tax-preferred status of employer-provided retirement plans and traditional IRAs to fund tax reform is not a new idea.

But as the Trump administration and Congressional Republicans are under political pressure to deliver on tax reform before the 2018 mid-term primary season, this time around the prospect of Rothifying all or some portion of the retirement system is different, says Jessica Sclafani, an associate director at analytics firms Cerulli Associates.

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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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