tag:blogger.com,1999:blog-14224910.post112470627066537472..comments2024-02-14T11:11:09.643-05:00Comments on Nevin's Data "Points": A Hallmark Holiday?Nevin E. Adams, JDhttp://www.blogger.com/profile/07162580850277740193noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-14224910.post-1125279669301353502005-08-28T21:41:00.000-04:002005-08-28T21:41:00.000-04:00Well, they aren't ALL different, and over the year...Well, they aren't ALL different, and over the years (certainly in 2001 when EGTRRA was passed), many of the nonsensical differences in things like how much you could save on a tax-deferred basis have been reconciled.<BR/><BR/>Differences remain, however, although the Bush Administration has proposed bringing them all under a common regulatory schematic termed Employer Retirement Savings Accounts, or ERSAs. This proposal has met with some resistance by those who still apppreciate some of the unique characteristics of each program (see Little New, But Bush Offers Change in Pension, Health-Care Proposals at http://www.plansponsor.com/pi_type10/?RECORD_ID=26602).<BR/><BR/>As for why they are different, I would say simply that the needs of different employers - private sector, not-for-profit, and government - have been attended to differently over time for reasons both logical and (apparently) irrational.Nevin E. Adams, JDhttps://www.blogger.com/profile/07162580850277740193noreply@blogger.comtag:blogger.com,1999:blog-14224910.post-1125089401610171472005-08-26T16:50:00.000-04:002005-08-26T16:50:00.000-04:00A rant about 401(k) plans, etc.:Why are the rules ...A rant about 401(k) plans, etc.:<BR/><BR/>Why are the rules for 401(k), 403(b), 457, IRA, etc., different? This makes no sense.Robert the Redhttps://www.blogger.com/profile/08432763475111273649noreply@blogger.com