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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Jeffrey S. Lillie who wrote (27276)	1/31/2003 12:34:35 PM
From: Softechie	Respond to of 30712

I'll make money shorting on this pump Jeffrey... Bush to propose new savings, retirement plans 01/31/2003 11:25:37 - By William L. Watts President Bush will include proposals for 2 new savings plans when he introduces his fiscal 2004 budget outline next week, the Treasury Department said. Lifetime Savings Accounts could be used for any type of savings. Retirement Savings Accounts could be used only for retirement savings, consolidating traditional IRAs, nondeductible IRAs and Roth IRAs. Neither plan would have income or age limits. Individuals would be able to contribute up to $7,500 a year to each plan. The limit would be indexed to inflation. Like Roth IRAs, all earnings would accumulate tax-free. The LSA would allow funds to be withdrawn at any time without penalty. Bush will also propose new Employer Retirement Savings Accounts that would consoidate 401(k), thrift 403(b) and governmental 457 plans as well as SARSEPs and SIMPLE IRAs into a simpler account that could be sponsored by any employer, the Treasury Department said.