Tax-cut bill creates new IRA opportunities

Tax-cut bill creates new IRA opportunities

Earlier this year, President Bush made good on his campaign promise of tax relief and signed into law The Economic Growth and Tax Relief Reconciliation Act of 2001. Included in the $1.35 trillion tax-cut bill are individual retirement account (IRA) and pension reform provisions that will usher in th...

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Veröffentlicht in:Credit Union Executive Journal 2001-11, Vol.41 (6), p.12
1. Verfasser: Zuehlke, Dennis
Format: Artikel
Sprache:eng
Schlagworte:
Age
Credit unions
Economic Growth & Tax Relief Reconciliation Act 2001-US
Education expenses
Employees
Individual retirement accounts
IRA
Opportunity
Relief provisions
Retirement plans
Statistical data
Tax credits
Tax cuts
Taxpayers
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Beschreibung
Zusammenfassung:Earlier this year, President Bush made good on his campaign promise of tax relief and signed into law The Economic Growth and Tax Relief Reconciliation Act of 2001. Included in the $1.35 trillion tax-cut bill are individual retirement account (IRA) and pension reform provisions that will usher in the most sweeping IRA changes since the Taxpayer Relief Act of 1997 created Roth and Education IRAs. For credit union members, these changes make it possible to shelter more dollars in IRAs; for credit unions, it is a chance to increase their IRA deposit base.
ISSN:1098-0113