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Home Market Research Markets

New Bill Would Postpone Taxes for Millions of Retirement Savers

by TheAdviserMagazine
5 months ago
in Markets
Reading Time: 1 min read
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New Bill Would Postpone Taxes for Millions of Retirement Savers
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New legislation recently introduced in both the Senate and the House could help millions of Americans save more money on their mutual fund investments. The Generate Retirement Ownership Through Long-Term Holding (GROWTH) Act would allow those who invest in mutual funds to defer capital gains taxes on any growth in the funds. Currently, when mutual funds distribute capital gains to investors…



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