Tag: Roth 401k
They distort federal budgeting, enable billionaires to accumulate wealth tax free, and preclude making tax incentives fairer. One can make a strong case for getting rid of the Roth version of both 401(k)s and IRAs. While having two forms of retirement saving is lovely for young professionals who know their tax rates will be higher…
The brief’s key findings are: As part of tax reform, Congress considered changes to 401(k)s that would require most new contributions to go to a Roth, rather than a traditional, account. This budget gimmick would help pay for tax cuts because Roths are taxed up-front, rather than in retirement. Such a change, however, could also…
