Trump Tax Reform May Prompt Changes In Clients’ 401(k) Strategies

Byline: Robert Bloink, William H. Byrnes. The beginning of the Trump presidency is right around the corner–and, for many high-income clients, this new era is expected to bring about substantially reduced income tax rates. Currently, most taxpayers are entitled to contribute up to $18,000 in pre-tax dollars per year to their 401 plans.