I feel like we need to address the news this week regarding potential changes to retirement accounts and the deferral limits. First, we don’t think the amount you can put in your 401k is going to drop to $2,400/year. This was reported to be in discussions. I doubt this happens. But there is a chance we could see a decrease in the maximum amount. This is a one way for the government to help to try and fund their tax cuts. We’ll see how it shakes out but if they amount is reduced it just means you will need to save elsewhere. You may not get as much of a tax break but there is no law that says you can’t save in a taxable account or do a non-deductible contribution.
A weird week of links. Nothing about investments.