LTC Trust Account Act (S. 1809, H.R. 3088)
Overview:
110th Congress (2007-2009)
Type: Use of Retirement Funds
Key Components:
- Allow individuals to use funds from 401(k), 403(b) and 457 plans to pay for LTC insurance without penalty for early withdrawal and without paying taxes on the amounts withdrawn.
Key Authors:
- Sen. John Thune (R-ND)
Senate Finance - Rep. Terry Lee (R-NE)
House Ways and Means
Category:
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