How Could Biden's Proposed 401(k) Tax Rules Impact Real Estate Investors?

Matthew Frankel, CFP, The Motley Fool
·4-min read

Democratic candidate Joe Biden has proposed a change to the tax benefits for making 401(k) contributions, so here's a rundown of what the change would be and how it might affect real estate investors. My colleague at our sister website The Motley Fool, Catherine Brock, recently wrote an excellent and detailed discussion of Biden's 401(k) proposal. Think about it this way -- if you're in the 12% tax bracket and set aside $5,000 in your 401(k) in 2020, you'll save $600 on your taxes this year.