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retirement plansGOBankingRates
•72% Informative
Donald Trump has proposed the possibility of cutting federal income taxes if he’s reelected.
For those preparing for retirement, no more income taxes could be largely beneficial for investments and income.
Not all changes will be automatically positive for those with low or moderate incomes.
Those who are still working may need to increase how much they’re earning, saving and investing.
If income taxes are eliminated, you won’t get the same initial benefit by contributing to a traditional IRA.
Employers could also change their retirement benefits based on new tax laws.
Other tax-advantaged accounts, like Roth IRAs, could also be impacted by Trump ’s proposal.
VR Score
72
Informative language
73
Neutral language
51
Article tone
informal
Language
English
Language complexity
53
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
21
Affiliate links
no affiliate links