In today’s rapidly changing society and as the human race advances through generations we observe many changes that need to be made in our rules and regulations. The field of finance is a prime example of this but some times it takes a disaster to prompt lawmakers to make rule changes e.g. Enron’s unethical behavior leading to a large loss in their employees retirement funds (leading to law changes in the holding period of company stock). This article discusses the new rule changes that are taking place in relation to IRAs, 401(k)s.
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