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Industry: Email Alert RSS FeedLooking back on 25 years of retirement savings.(Other Views)
Investment News, November, 2006
Byline: Paul Schott Stevens "Will we be fair to future generations?'' That was the question posed recently by Federal Reserve Board Chairman Ben S. Bernanke in a speech to The Economic Club of Washington about the baby boomer generation, which is closing in on retirement. The more specific question is, are we moving forward fast enough to provide a secure retirement for all generations? A look back at the past 25 years of retirement savings shows just how much America has accomplished.
Mainstay of retirement A quarter century ago, on Nov. 10, 1981, the Internal Revenue Service proposed regulations that gave employers the potential to use section 401(k) of the tax code to establish broad-based, tax-favored savings plans for all...
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