A savings account established for a taxpayer as a way to encourage saving for retirement. The plan provides an additional tax credit for taxpayers under a certain income level, which is deposited directly into the account, and additional benefits (such as matching funds, up to a certain limit) for those who fund the account themselves as well.
Related information about universal savings account:
- Savings Accounts for All - Simple, but Not Easy - The New York Times
Mar 6, 2009 ... The notion of a “universal” savings account is tantalizing. It suggests two possibilities: Giving everyone, no matter how large their employer, ...
- What is universal savings account? definition and meaning
Definition of universal savings account: A savings account established for a taxpayer as a way to encourage saving for retirement. The plan provides an ...
- Business Checking - Los Alamos National Bank - Creating a better ...
Companies with large cash reserves can also take advantage of LANB's high- yield Universal Savings Account with deposits of $100,000 or more. To learn more ...
- president clinton's 1999 statements - Social Security Online History ...
... agreement possible by continuing absolutely the guarantees of Social Security; and dealing with individual accounts, the Universal Savings Account, as a new ...
- Rewarding Savings: Individual Development Accounts (IDAs)
... and support IDAs for low-income people; and the President's $38 billion per year Universal Savings Account (USA) proposal, which would use a combination ...
- CFED Asset Learning Conference Seeks To Build Wealth in Hard ...
ASPIRE. [the children's universal savings account legislation] would create a system of universal permanent children's savings accounts. It's all sitting there.” ...
- Savings made simple with seven easy tips | Reuters
Feb 21, 2012 ... At present, there is no universal savings account with one set of rules. Each year I bemoan the fact that I can't consolidate the menagerie of ...
- Rise Up America (RUA)
A Universal Savings Account ( a "USA") - Your Road to Wealth. Every American has the chance to create wealth and retire comfortably. It won't cost them a dime ...