401(k) Change Not So Awful for the Wealthy After All

Wealthy man thinking
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You might hear a little extra grumbling from your well-heeled neighbors during future tax seasons. The federal Secure Act 2.0 of 2022, signed into law last December, contains a provision that left some high-earning folks shaking their fists at Congress. Under the provision, which takes effect in January 2024, savers age 50 and older who earned $145,000 or more in wages in the prior year no longer…

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