
- June30 2003
- Volume 10
- Issue 12
SAVINGS PLANS LOSE OUT
Among the first casualties of thebattle over President Bush's taxreforms were proposals for sweepingchanges in tax-advantaged savingsaccounts. The plan was to simplifya dizzying array of IRAs, RothIRAs, and other types of accountsinto a couple of basic plans: aLifetime Savings Account, a kind ofsuper Roth IRA, and a RetirementSavings Account. Insiders note thatthe plan was developed under formerUS Treasury Secretary PaulO'Neill, with little input from theWhite House. After drawing firefrom a number of sectors, includingfinancial services and benefits consultingfirms that stood to lose businessif the new accounts were enacted,the Bush administration hasbacked off from these savingsreforms, at least for this year.
Articles in this issue
about 18 years ago
Time to Invest Your Cash for Retirementabout 18 years ago
What You Need to Know to Retire Earlyabout 18 years ago
Incorporate the New Rules of Retirementabout 18 years ago
Swiss Annuities Tower the American Fundsabout 18 years ago
Second Home Helps Fund Retirementabout 18 years ago
Redesign Your Practice's Retirement Plan?about 18 years ago
Smart Home-Buyingabout 18 years ago
"Retirement": You Can Quote Me on Thatabout 18 years ago
401(K)s AND REAL ESTATEabout 18 years ago
WATCH ESTATE PLANRelated to this article








