This Brief will be interesting to those who are already contributing the maximum amount of pre-tax dollars ($18,000 annually for those under age 50, $24,000 to those over the age of 50) to their workplace retirement plan but who are looking to save more tax-efficiently. Due to a new IRS ruling, making after-tax contributions to a workplace retirement plan is now a really good idea. The attached Brief explains why.
Biden’s “New American Families Plan” Tax Proposal
Leigh Bivings, Ph.D., CFP®, CDFA™
September 21, 2021
On Monday of last week, the House Democrats advanced a tax bill known as the “American Families Plan.” The bill’s goal is to find the
