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Wealthier clients saving in 401(k)s may fall into tax trap
Too much money in tax-deferred retirement accounts could undermine clients financial plans if taxes rise in the future to pay for today’s exploding government spending.
March 1, 2021
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While many Americans worry that they won’t be able to save enough for retirement, some financial advisers are concerned that their wealthier clients are saving too much in the wrong type of retirement account.
Over the past few weeks, several new studies and surveys have documented growing concerns over a looming retirement crisis, partially tied to the Covid-19 pandemic and subsequent economic slowdown. ....

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