Although many small business owners would welcome some aspects of the GOP tax plan, it has the potential to hinder their retirement planning. (Photo: Fotolia)

While many small business clients would welcome the 25 percent maximum tax rate for pass-through income proposed by the GOP tax reform framework, the proposed tax rate structure has the potential to hinder these clients’ retirement planning options

Although the issue itself could be resolved in the actual legislation generated by the framework, there is a realistic possibility that the proposal could very easily discourage small business owners from providing the currently available retirement savings options to their employees. 

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