The purpose of the paper will be to inform an individual who has little knowledge about retirement plans of the basics of such plans, e.g. 401k's, Simple Plans and other retirement plans. The intent is that they can be introduced to various plans as they plan for their own retirement. Two main types of retirement plans will be discussed namely, Defined Contribution Plans and a Defined Benefit Plan. Tax law information for each plan will be incorporated and a discussion on how these laws affect the employer and the employee will be discussed. Information that is important in terms of contribution and withdrawal requirements and limits will also be provided. Another section of the paper will provide a summary of the Bush Administration's new proposals on retirement plans, the implications of these proposals and how they may affect the retirement process.
|Presenters:||Kristie Bean (Undergraduate Student)
Christina Shaffer (Undergraduate Student)
Stephanie Simmons (Undergraduate Student)
Kristin Sold (Undergraduate Student)
|Time:||9 am (Session I)|