Bush Administration Proposals

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Lifetime Savings Accounts (LSAs), Retirement Savings Accounts (RSAs), and Employee Retirement Savings Accounts (ERSAs) Proposal

March 2007

The proposals, as outlined in the FY 2005 Budget, can be summarized as follows.

* The most flexible of the accounts is the Lifetime Savings Account (LSA). A person of any age or income level can open this account and savings can be used at any time for any purpose. While contributions to a LSAs must be made on an after-tax basis, the earnings and withdrawal of funds from the account are tax-free. The maximum amount that can be… more

A Response to the Bush Administration's Savings Proposals for FY 2005

February 2004
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