House Democrats Once Again Target Biggest Retirement Accounts

Thursday, November 04, 2021

News & Press

The November 3 version of the Build Back Better Act has resurrected retirement law changes that will curb high balance accounts and popular wealth building strategies including backdoor Roth IRAs and aftertax 401(k) contributions. There’s also a new $2.5 million retirement account reporting mandate, presumably to help the Internal Revenue Service with compliance.