A looming crackdown on a popular retirement tax strategy has some investors worried

A looming crackdown on a popular retirement tax strategy has some investors worried
·4 min read

Roth conversions are one way Americans can save on their tax liabilities in retirement — but the House recently proposed a bill that would curb these conversions for high earners. While this may appear to be bad news for some workers, there is a silver lining: More companies are already offering alternatives to these conversions — Roth 401(k) plans — and if the bill is passed, by the time the rule is enacted, there could be even more workers benefiting from this investment vehicle. The law, if passed, would also repeal Roth conversions for any single individuals earning more than $400,000 or couples married filing jointly with income more than $450,000.

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