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Also in industry news this week: A survey indicates that workplace retirement plan participants with financial advisors tend to save more than their non-advised counterparts and that a strong majority of participants overall are interested in receiving professional advice (with more than 3/4 of this group expressing willingness to pay for it) A look (..)
The Tax Cuts and Jobs Act (TCJA)the 2017 tax code overhaul designed to boost economic growthis set to expire on December 31, 2025. It will decrease to 60% in 2024, 40% in 2025, 20% in 2026, and will be fully eliminated after 2026 unless Congress acts. This can be particularly beneficial if the taxes can be paid from non-IRA funds.
The Tax Cuts and Jobs Act (TCJA)the 2017 tax code overhaul designed to boost economic growthis set to expire on December 31, 2025. It will decrease to 60% in 2024, 40% in 2025, 20% in 2026, and will be fully eliminated after 2026 unless Congress acts. This can be particularly beneficial if the taxes can be paid from non-IRA funds.
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