President Bush's plans to radically change the way Americans save for retirement offer many interesting proposals, due to their simplicity and their availability for all. But it remains to be seen whether Congress will pass these sweeping changes into law.

The administration has proposed three types of tax-advantaged savings plans going forward: a Lifetime Savings Account (LSA), a Retirement Savings Account (RSA) and an Employer Retirement Savings Account (ERSA).

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