Quote:
Originally Posted by eDave
Max out your 401K investments while you can:
How the GOP Tax Bill Could Squeeze Your 401(k)
Lobbyists and others in the retirement and financial services industries who have spoken to congressional staff and committee members say lawmakers are looking at proposals that would allow 401(k) participants to contribute significantly less than what is currently allowed in a traditional tax-deferred 401(k). An often mentioned amount is $2,400 a year. It isn't clear whether that would only apply to 401(k)s or IRAs or both.
http://www.foxbusiness.com/features/...our-401-k.html |
That's an absolutely shitty idea if I've ever heard one. Especially cutting the allowed maximum to next to nothing.
I do doubt the lobbyists for investment firms allow this to happen though. It would not benefit them in the slightest.