Retirees will pocket extra cash thanks to new proposal banning taxes on pensions and 401k accounts

A NEW proposal could have retirees in one US state pocketing more cash from their pensions and 401(k) accounts. The plan seeks to ban certain taxes for the state’s most wealthy residents. In California, Governor Gavin Newsom has expressed support for a ballot measure that will ban taxes on retirees’ pension and 401(k) accounts. The...

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