Maybe it's not quite yet a household word.
But without a doubt, more savers in workplace retirement plans have now at least heard the word "Rothification," a term coined in the months-long run up to the release of the GOP's tax plan yesterday.
Belying months of speculation, Republicans were able to advance tax cuts and stay within budget parameters without using deferrals to traditional 401(k)s and IRAs as revenue offsets. Not only were 401(k) contributions spared, but so was the largest expenditure in the tax code — employer-provided health care plans.
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