Washington Update: Proposed Budget Attacks Retirement Plans

Washington Update 2 Minute Video

Check out the link above to get a quick overview from ASPPA CEO Brian Graff of the most recent provisions in the proposed budget that would effect retirement plans. The two “retirement plan clunkers” potentially would in effect double tax certain future contributions and the other would cap retirement savings at around $3 million between all retirement accounts. If these provisions were to become law, many small business owners may not have the same incentive to set up a plan for their employees, so ASPPA is speaking up on the issue.

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