White House 401K Changes could affect you

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(KTVI) - In March, President Obama plans to introduce some proposals as part of his 2015 budget that could impact your 401K.

It includes reducing some tax advantages for employer-sponsored retirement plans.  The reductions would be felt mostly by higher income earners, about 6.7 million Americans.

Gerri Willis from the FOX Business Network talks about how it could affect you.