Trump says ‘no change’ to 401(k) retirement plans
President Donald Trump speaks during a meeting with UN Secretary General Antonio Guterres in the Oval Office of the White House, Friday, Oct. 20, 2017, in Washington. (AP Photo/Evan Vucci) President Trump said Monday he won’t allow Congress to reduce tax-exempt contributions to popular 401(k) savings plans, amid reports that lawmakers are considering such a move. “There will be NO change to your 401(k),” Mr. Trumptweeted. “This has always been a great and popular middle class tax break that works, and it stays!” ::Also Read:: U.S Air Force preparing B-52 bombers for 24-hour alert status As Congress prepares to address Mr. Trump’s tax-cut proposal, some congressional staffers say lawmakers are looking at proposals that would allow 401(k) participants to contribute far less than what is currently allowed in a traditional tax-deferred plan. It hasn’t been clear whether Congress also is considering lower limits on Individual Retirement Accounts (IRAs). Lowering the tax-exempt c...