New tax law can affect quality of retirement years

How will the new tax law changes affect your retirement and education funding?

The Economic Growth and Tax Relief Reconciliation Act of 2001 caused sweeping tax changes that can greatly affect the quality of your retirement years. Whether it is saving more for retirement than previously permitted, taking advantage of moving retirement assets, benefiting from a tax credit for saving, or saving more for a loved one’s education, some aspect of this new law is bound to create opportunities for you.

Let’s look at how the Economic Growth and Tax Relief Reconciliation Act of 2001 will change the way we view retirement…