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How 401(k)s could change under Republicans’ tax plan

By Adam Shell

The big risk is if savers view the gutting of the 401(k) tax break as a disincentive to save, says Garrett Oakley, a certified financial planner and CPA at Betterment, an online investment company based in New York.

“The lack of a tax-saving incentive will lead to less savings,” Oakley believes. “We know that any barrier put in place is going to lead to a lower savings rate.”

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This article originally published October 31st, 2017 on USA Today.