New Tax Regulations Could Hurt Retirement Savings

Unfortunately the horrible debt and economic conditions in the United States are know hurting people when they will be the most vulnerable. Due to the up coming tax changes 401(k) saving plans will know not be excluded from being taxed at a higher rate. People who count on that money to be worth a certain amount will know have to pay taxes on it and there value of their 401K) will all be going down. When it comes to retire people wont have the amount of money they thought they have to retire with.

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Tax Changes to Retirement Savings Could Have Big Impact