The President and American Retirement Planning
The President and American Retirement Planning
In 1974, President Gerald Ford signed the Employee Retirement Income Security Act, which revolutionized American private retirement practices. The legislation created the Individual Retirement Account (IRA), the cornerstone of modern retirement planning. The creation of massive individual and corporate retirement accounts has significantly reshaped financial markets.
Keywords: Employee Retirement Income Security Act of 1974, Individual Retirement Account (IRA), Retirement planning, Gerald Ford
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