The retirement industry was stewing over rumors about potential limits to pre-tax 401(k) contribution amounts in the big tax cuts bill, which came to naught. Another feared revenue raiser that didn’t surface: a new five-year payout rule for IRA and 401(k) inheritors. While the House bill, H.R. 1, the Tax Cuts and Jobs Act, leaves out these retirement-related revenue raisers, it does include one relating to Roth conversions, and it also has several long-awaited fixes to retirement plan rules affecting 401(k) plan loans, hardship withdrawals and in-service distributions.

SOURCE – READ THE FULL ARTICLE AT: https://www.forbes.com/sites/ashleaebeling/2017/11/03/house-tax-bill-addresses-401ks-iras-but-drops-rothification/?hl=en&ned=us

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