Controlling the uncontrollable: Part VI

#5 Tax Policy

We frequently have discussions with employers about pending legislation and how that can affect their workplace retirement plan.  While we can discuss and debate these items all day, you have no control over them.  We get questions all the time about how pending legislative proposals can effect your retirement.

The most recent discussions that occur every year around this time deal with social security.  Will it be funded at current levels, will it lower the inflation adjustments, will payroll taxes go up, will the cap on social security income be removed, etc?  While all of these are important factors in your retirement, you have no control over them.

What is important is to go back to items #1 & #2 and make sure that those items that are in your control can put you in a good position regardless of what happens with tax policy.  #401k #403b #457b