Tuesday, August 15, 2006

 

Advisors Laud Pension Protection Act

Financial planners cheered the passage earlier this month of a bill that permanently extends the tax benefits of state-sponsored 529 college savings plans. Money in these plans can grow tax-deferred, and be withdrawn tax-free, if used to pay for qualified education expenses. These tax benefits were set to expire in 2010 until the passage of the Pension Protection Act of 2006, which President Bush is expected to sign into law soon.

Source: Financial Planning.com
Advisors Laud Pension Protection Act

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