Last week’s Senate Finance Committee hearing on reforming the individual tax code was heartening for retirement industry stakeholders.
One proposal reportedly being considered under tax reform is the so-called Rothification of the $7.3 trillion defined contribution market.
Eliminating or capping the amount of retirement savings contributions that can be made on a pre-tax basis would allow lawmakers to book more tax receipts within the 10-year budget window.
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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.
