Tuesday, April 18, 2006
Nest Eggs Expand With 401(k) Funds; Millions Boost Retirement Savings
An obscure paragraph added to the Revenue Act of 1978 by an unknown author has drastically changed the way Americans save for retirement and, possibly, how they vote.
Over the past 25 years, since a 38-year-old retirement consultant in Philadelphia got IRS approval to establish the first tax-deferred account system, 401(k)s have exploded, dramatically increasing the nation's investor class and boosting individuals' total savings.
Nest Eggs Expand With 401(k) Funds; Millions Boost Retirement Savings
Source: Insurance News Net
Over the past 25 years, since a 38-year-old retirement consultant in Philadelphia got IRS approval to establish the first tax-deferred account system, 401(k)s have exploded, dramatically increasing the nation's investor class and boosting individuals' total savings.
Nest Eggs Expand With 401(k) Funds; Millions Boost Retirement Savings
Source: Insurance News Net
Permalink posted by armandn @ 12:35 PM 
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