Here’s why advisers think Joe Biden’s 401(k) tax plan will spur Roth contributions
![Joe Biden](https://s32566.pcdn.co/wp-content/uploads/2020/07/JoeBiden-951x634.png)
The Democratic presidential nominee would convert retirement savings tax deferrals to tax credits
A plan by Democratic presidential nominee Joe Biden to change the way retirement savings are taxed could spur an increase in the use of accounts that levy taxes on contributions rather than withdrawals.
Biden is proposing to replace tax deferrals for retirement savings to tax credits to encourage
Learn more about reprints and licensing for this article.