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May 4, 2007, Newsletter Issue #63: 401 Retirement Plans, IRAs, and other tax deferred savings
1
Tip of the Week
Social Security and Social Security reform is a big item in the news today. Privatizing Social Security means that individuals would be able to invest part of their Social Security funds in the stock market. Proponents say this is necessary because the Social Security trust fund will eventually run out--which is true if nothing is done. However, the Social Security Administration says that the fund is solvent in its current form until 2042.
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