Monday, February 24, 2025
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Author Archives: Stonecom Interactive

Millions to lose popular 401(k) tax break

The loss of a popular tax deduction next year could reshape how millions of Americans save for retirement. Currently, people ages 50 and older are allowed to place “catch-up contributions” totaling up to $30,000 in their 401(k) accounts. But beginning in 2024, these funds will be funneled only into “after-tax” Roth accounts for people who made more than $145,000 the previous year. For more on this, CBS News was joined by Pratik Patel, head of family wealth strategies for integrated wealth management provider BMO Family Office. Source

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Trump says he was told to report to grand jury in 4 days on Jan. 6 probe

Former President Donald Trump says he has received a target letter from the special counsel appointed by the Justice Department to investigate Jan. 6. CBS News investigative reporter Graham Kates and CBS News correspondent Cristian Benavides have the latest on the investigation into the insurrection and the classified document charges the former president is facing. Source

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