 "Chicago Tribune (Chicago, IL)")
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Social Security plan may add billions to mutual funds, brokerage accounts.
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Jan. 9--The prospect of 100 million Americans each having $1,000 of their Social Security contributions to invest every year has investment professionals salivating at the potential financial bonanza.
About $100 billion a year would be freed up for stocks, bonds and other investments under a tentative plan President Bush has floated to fix the Social Security retirement system by creating private investment accounts.
The fees paid to brokers and money managers could run into the billions.
President Bush is expected to unveil the plan in late ...
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Social Security plan may add billions to mutual funds, brokerage accounts.
Newspaper article from: Chicago Tribune (Chicago, IL)
; ...of their Social Security contributions...About $100 billion a year would...to fix the Social Security...investment accounts. The fees...into the billions. President...specific plan, the administration...privatization of Social Security...401(k) ...
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DEFINED CONTRIBUTION: Itron Corp. adds options to 401(k); Washington plan's choices include funds from PIMCO, Barclays.(Brief Article)
Magazine article from: Pensions & Investments
; ...LifePass funds; Mellon...directed brokerage option...cap value fund. New York...Pennsylvania will add three separately...1. The funds are all managed...its $1.5 billion Keogh plan...following funds to its...401(k) plan: Vanguard...Vanguard Calvert Social ...
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Brokerages boost estate planning to boomers.(Brief Article)
Magazine article from: Investment News
; ...takes off, brokerage firms hope...money from brokerage accounts. In an effort...retirement plans increase...and online brokerages is forcing...Prudential Securities and Salomon...to hedge funds by acquiring...study by the Social Welfare Research...brokerages ...
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Wall Street optimistic yet pragmatic on Social Security; Many workers at investment firms view Bush's plan favorably, but few see a boom for themselves.(USA)
Newspaper article from: The Christian Science Monitor
; ...Bush's plan to add private accounts to Social Security...like me who may not have much of Social Security...on Social Security accounts...meeting of the Securities Industry...spokeswoman. Few brokerage houses want...generate $39 ...
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National Bank Signs a Service Agreement with the Association des chirurgiens dentistes du Quebec.
News Wire article from: Canadian Corporate News
; ...Effective May 1, 2005...transactions on bank accounts with a reduced...pleased to add a professional...develop the social, economic...involved in securities brokerage, insurance...as well as mutual fund and retirement plan management...than $90 billion ...
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National Bank Signs a Service Agreement with the Association des chirurgiens dentistes du Quebec
Newspaper article from: CCNMatthews Newswire
; ...Effective May 1, 2005...transactions on bank accounts with a reduced...pleased to add a professional...develop the social, economic...involved in securities brokerage, insurance...as well as mutual fund and retirement plan management...than $90 billion ...
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Prudential Financial Challenges Conventional Wisdom as to a Tax-Wise Retirement; New Report Highlights the Importance of a Tax-Efficient Retirement Income Strategy.
Business Wire
; ...access taxable accounts (such as...taxable savings account) first...stock or a mutual fund held outside...deferred accounts (an IRA...retirement plan) last -- may not be the...commencement of Social Security payments...age 63 who plans to work ...
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