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New Legislation Changes Retirement Savings Rules |
August 11, 2004
Previously published by Trusts & Estates Magazine, the Journal of Wealth Management for Estate Planning Professionals on September 2001
On June 7, 2001, President Bush signed the Economic Growth and Tax Relief Reconciliation Act of 2001 ("EGTRRA") into law. EGTRRA makes significant and complex changes to many of the tax and labor law rules governing retirement savings. In general, these changes go into effect on December 31, 2001, and will sunset after 2010; absent additional legislation, pre-EGTRRA laws will apply for 2011 and beyond.
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The views expressed in this article are solely the views of the author and not Martindale-Hubbell. This article is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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