Retirement Savings Account

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A Retirement Savings Account is a type of retirement plan account that is envisioned to replace all three different types of Individual Retirement Accounts that are currently used in the United States: traditional IRA, Roth IRA and Simple IRA. Contributions would be made on an after-tax basis. This is a major part of what the George W. Bush Administration calls "ownership society."

[edit] External references

• The President’s Savings Proposals: Tax-Free Savings and Retirement Security Opportunities for all Americans
• A Primer on Bush's New Savings Accounts