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How Joe Biden’s Presidency Could Impact Your Retirement – The Motley Fool

The President-elect has some changes in store you’ll want to know about.

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After a harrowing number of days (that felt like weeks) following the election, news eventually emerged that Joe Biden had officially won the presidential race. That could mean a lot of changes on the retirement front. Here are a few big ones you should be aware of.
1. Fewer retirement plan tax breaks for higher earners
Right now, higher earners are the most likely to benefit from the tax breaks associated with saving in an IRA or 401(k) plan. Those who contribute to a traditional retirement plan…

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