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Why This Popular 401(k) Tax Break Is Going Away | WSJ Your Money Briefing

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WSJ News

Retirement savers who make “catchup” contributions to their 401(k) account will lose an oftenused tax deduction under new rules coming next year.

WSJ’s Anne Tergesen joins host J.R. Whalen to discuss.

0:00 Catchup contributions
1:05 Rule changes
1:36 Roth 401(k) vs. traditional 401(k)
3:02 Taxes on contributions
3:39 Financial planners’ advice
5:10 Estate planning

Your Money Briefing
WSJ's personalfinance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.

For more episodes of WSJ's Your Money Briefing: https://link.chtbl.com/WSJYourMoneyBr...

#401k #Taxes #WSJ

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