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Administration Proposals Affecting Benefits and Employment

INTRODUCTION

The Administration filed 256 pages of revenue proposals last week and our phones have been ringing. Is the government going to take my retirement account? Should I contribute anything more to my employees’ retirement plans? Was it a bad idea to convert to ROTH? Will my employment costs go up? Is there any incentive to hire new people?

Stay calm. It’s way too early to predict winners and losers. Congress has yet to weigh in, and additional ideas and compromises will surface. Why study proposals? Whether enacted or not in a current session, they reveal the thinking of those in power and give strong hints on how to plan for the future. More…