Retirement industry steps up fight to preserve tax breaks

12/18/2012 | InvestmentNews (free registration)

Retirement industry groups fear that "fiscal cliff" negotiations could affect the tax deductions and tax breaks that encourage retirement savings, even if a year-end deal doesn't specifically target them. Groups are stepping up their lobbying efforts in a bid to ensure that tax deferrals for 401(k) plans and IRAs aren't sacrificed as part of a deficit-reduction effort.

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