Originally Posted by
ThumbsUp
… and it actually affects the younger crowd the most since they have the largest amount to contribute to the PRAP after-tax.
”Furthermore, this section prohibits all employee after-tax contributions in qualified plans and prohibits after-tax IRA contributions from being converted to Roth regardless of income level, effective for distributions, transfers, and contributions made after December 31, 2021.”
Was this quote removed in the article update? I don’t see anything in there about the proposed change affecting Roth contributions. Just the conversions.