Tuesday, August 15, 2017

How tax reform could sting your retirement income

Article Title: How tax reform could sting your retirement income
Snippet of Article: "...among the tax reform proposals currently being discussed is one that would convert part or all of workers' tax-deferred 401(k) contributions to Roth 401(k) contributions, which are made after taxes have been removed. That could significantly increase the federal income taxes that middle-income workers would pay throughout their lives. And it could reduce the amount of money they could spend throughout their lives after paying taxes. A typical older middle-income worker could lose $500 per year..."


Source: www.cbsnews.com

[tag] Federal Employee News, Federal Civil Service, Federal Retirement, [/tag]