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Reform Legislation May Nurture Initiative
Reform legislation under Nixon will create individual retirement accounts for those not covered by private or government plans. It allows up to 1500 dollars or 15 percent of earnings, whichever is less, with tax deductions even without itemizing. Funds may be placed in U.S. retirement bonds, IRAs, or IRAs custodied by banks or unions.
MENTIONED IN THIS ARTICLE
Theodor Schuchat
Alliance
Washington
Nixon
U.S
Treasury Department
Keogh