Trump says ‘there will be NO change to your 401(k)’ after reports Republicans want new caps on retirement savings
President Donald Trump used Twitter to dispel reports that the forthcoming Republican tax-reform plan would include big changes to how people could save for retirement.
Reports on Friday said that GOP leaders were considering a cap on the amount of money that could be placed in a traditional, tax-deferred 401(k) to help pay for part of their tax plan.
On Monday, Trump said this change would not take place because it is a popular middle-class tax break.
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