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Rich Americans Use IRAs to Make Tax-Free Millions. Is That Fair?

by theadvisertimes.com
2 days ago
in Markets
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Rich Americans Use IRAs to Make Tax-Free Millions. Is That Fair?
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A new bill in Congress would crack down on wealthy Americans who use 401(k) retirement accounts and IRAs as tax shelters for billions of dollars in wealth. The 401(k) and IRA were designed to offer tax breaks to help Americans save enough money for a comfortable retirement. At a certain point, however, a swelling retirement account isn’t really about retirement.



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