Timothy Sumer

... ( read more ) LEARN MORE ABOUT: IRA Accounts INVESTING IN A GOLD IRA: Gold IRA Account INVESTING IN A SILVER IRA: Silver IRA Account REVEALED: Best Gold Backed IRA Joe Biden, the President-Elect of the United States, has proposed changes to traditional IRA and 401k plans that could potentially impact millions of Americans who rely on these retirement accounts for their future financial security. These changes could significantly alter the landscape of retirement savings, and it is essential for those investing in such plans to understand what these alterations would mean for their financial futures. Firstly, Biden has proposed removing the traditional tax break for high earners contributing to 401k plans, meaning that those with a higher income would no longer be able to claim the tax benefits they currently enjoy. The proposal also includes a change to the tax-deductible contributions that such earners are eligible to make to traditional IRAs. Se...