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I have a couple of questions about the Tax changes that were just passed.

First of all, can anyone provide a detailed breakdown of the changes that is actually in English? I read the actual Tax Relief Bills, but was stymied by the language.

1) Are the upper income limits for people who can contribute to Roth IRAs changing -- if so, what are the new limits and what is the implementation schedule?

2) Are the rules or limits on "highly compensated" employee contributions for 401ks changing -- if so, what are the new rules/limits and what is the implementation schedule?

Basically, I'm just trying to plan our investments for the rest of the year in order to maximize the tax savings.


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