Pension Plan Amendment Bill - HR 1102

[Martha_05]

Hi folks, I happened to catch a little bit on the news about a bill (HR 1102) better know as the Portman-Cardin bill. If you wish to obtain more information on this very important measure, go to websites listed below. I would like to know what your opinion is on this.
http://www.house.gov/ed_workforce/he...99/portman.htm
http://www.commondreams.org/pressrel...99/071399b.htm

Advanced thanks for taking the time to read about OUR future.

~Lorena~

[Martha_05]

FYI:

I know that must of you don't care, but for those that might, the bill was approved by The House of Representatives with a vote of 401-25.

Here is what it would do (for the most part):

- Raise annual limits for IRA (Individual Retirement Accounts) from $2,000 to $5,000 which would be phase in at $3,000 in year 2001, $4,000 in 2002 and $5,000 in 2003.

- Allow taxpayers 50 and older to contribute $5,000 to an IRA immediately beginning in 2001.

- Raise the allowed annual contributions to 401(k) retirement plans from $10,500 to $15,000 in the year 2005.



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~Capricorn~

[FSD]

hi Cappy,gracias por por la connotacion a este tema creo que todos no solo el boomer (yo)debia estar informado de todo este trueque ya que estos legisladores parecen enpleados del gobierno de nicaragua, solo de ellos y para ellos, firme el libro y escribire una cartita tambien a los benditos legisladores, ya que el que no llora no mama de nuevo gracias linda saludes a tu leopardo.tu amigo Danny