Clinton proposes 401(k)-type savings plan

Democratic presidential candidate Hillary Clinton today announced a proposal to offer a 401(k)-type plan for all Americans.
OCT 09, 2007
Democratic presidential candidate Hillary Clinton today announced a proposal to offer a 401(k)-type plan for all Americans. As part of Ms. Clinton’s proposed American Retirement Accounts Plan, the government would offer a matching refundable tax credit for the first $1,000 contributed by every married couple making up to $60,000, according to Ms. Clinton’s campaign website. Individuals will be able to set up their accounts with any private provider that offers diversified investment options and includes a passively managed lifecycle-type fund as a default option, according to the website.

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