New Savings Plans Wouldn't Be for Everybody
New York Times (02/09/03) Vol. 107, No. 5 p.33; Walsh, Mary Williams

Financial planners say older people with more savings will not benefit from the Bush administration's new savings plan the way young adults will. Hank Madden, CEO of Madden Advisory Services, says older savers may feel compelled to move their assets from their 401(k)s, Roth IRAs, and individual retirement accounts even though they might benefit more if they kept them there.

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