Are Your Retirement Savings In Jeopardy? New Tax Bill To Watch Out For
- Date: 23-Sep-2021
- Source: Forbes
- Sector:Economy
- Country:Middle East
Are Your Retirement Savings In Jeopardy? New Tax Bill To Watch Out For
Helping people to save more for retirement is a popular idea in Congress these days. But this episode of What’s Ahead warns that a big change that just cleared a critical committee in the House of Representatives would do far more harm than good. Moreover, it would be an administrative nightmare.
The proposal would force just about all nongovernment entities with five or more employees to institute an automatic IRA or 401(k)-type retirement plan if they don’t already have one or face substantial fines.
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