Your Retirement's at Stake. New Laws Go Into Effect
Bush signs pension reform into law
President George W. Bush signed into law a massive overhaul of U.S. pension laws on Thursday, revamping how Americans will plan for their retirement and opening new opportunities for financial advisers, mutual funds and the rest of the personal-finance industry. The new law "provides a needed and welcome booster shot for baby boomers and everyone else preparing for retirement," said Marc Lackritz, president of the Securities Industry Association.
Pension reform to create millions of 401(k) investors
Fund managers are predicting new pension rules will prompt 10 million or more people to jump into the retirement savings pool. Fund companies are expected to benefit from extended contribution limits becoming permanent and automatic enrollment plans.
President George W. Bush signed into law a massive overhaul of U.S. pension laws on Thursday, revamping how Americans will plan for their retirement and opening new opportunities for financial advisers, mutual funds and the rest of the personal-finance industry. The new law "provides a needed and welcome booster shot for baby boomers and everyone else preparing for retirement," said Marc Lackritz, president of the Securities Industry Association.
Pension reform to create millions of 401(k) investors
Fund managers are predicting new pension rules will prompt 10 million or more people to jump into the retirement savings pool. Fund companies are expected to benefit from extended contribution limits becoming permanent and automatic enrollment plans.
posted by Victor Lloyd Smith @ 1:05 PM
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