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Retirement accounts could allow funds to be used for education and home ownership

By Hicbd
Wed Nov 14 2012 2:20 pm

401(ks), 457s, and 403(b)s could mirror Individual Retirement Accounts and allow people to withdraw money without penalty for college education and up to $20,000 for first-time home ownership. This could clarify rules for savers, remove management burdens for employers, bring federal policy into alignment, and encourage savings for these uses.

URL:
http://cfed.org/policy/policy_agenda/financial_assets_and_income/

URL Credit

Categories:
Global Asset Building / Financial Inclusion Retirement Accounts

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