Your 401(k) Contributions May Not Be Safe After All

 

President Trump declared emphatically this week that 401(k) contributions were off-limits to congressional negotiators working on changes to the tax code. 

But on Wednesday, one of those negotiators—in fact, one of the most influential ones—suggested otherwise, reports the Washington Post. Kevin Brady, who chairs the House tax-writing committee, indicated lawmakers were indeed considering changes to the rules surrounding the popular retirement accounts. 

Likewise, the Senate's chief tax writer, Orrin Hatch, said that he doesn't "have any problem looking at everything." Much is in flux, and more will be known when Brady and his House colleagues reveal their broad proposals next week, but the upshot seems to be that future 401(k) contributions may not be as safe as Trump suggested.

Read the full story on Newser.com

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