Reform Bill Intensifies Savings Focus

One year, one thousand pages and perhaps a few fistfights later, Congress last week approved the first comprehensive pension legislation in more than 30 years.

While more than half of the Pension Protection Act of 2006 focuses on how companies must handle their pension plans in the future, there's still plenty of alluring stuff for individual 401(k) and IRA savers. And there clearly is a trend here: Congress is further pushing the retirement savings onus onto us. In other words, don't count on the ailing Social Security system.

Truthfully, you shouldn't want the government in charge of investing your old-age money anyway. So empower yourself and take charge of your retirement. Here's how the bill helps you.

So Long, Sunsets

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