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No more cross-testing, permitted disparity or top-heavy in D.C. Plans


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I thought that 500B was to be this yrs deficit, nbot next yrs. but then who is counting. As far as revenue gain, the tax gains from conversions will be offset by the amount of revenue lost over the next 10 years from distributions and earnings that will not be taxed under the regular tax and 10 % penalty tax.


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I haven't read the newest Bush proposal. I will say that ASPA members got an e-mail within the last week or 2 informing us that this was coming. I don't have the e-mail handy, but as I recall Mr. Graff was under the impression that this latest proposal was tweeked from last years proposal and would be better.

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