The Pension Protection Act:

There are seven things you need to know about The 2006 Pension Protection Act. Amazingly, while we were all out enjoying the sunshine this summer, the government did some serious work on a bipartisan level to protect our pension plans and make it easier to save for retirement. The new law is called the Pension Protection Act of 2006, and it represents the most sweeping change since the Economic Growth and Tax Relief Reconciliation Act of 2001. Many even say it's the most important tax reform in 30 years. Here are the top seven items in the Pension Protection Act that you need to know about.

1. The tax law changes of 2001 are now permanent.
2. Retirement plans and savings incentives have been increased.
3. Enrollment in 401(k) plans can now be automatic.
4. Now 401(k) savings can be inherited by non-spouse beneficiaries.
5. Tax refunds can now be deposited into IRAs automatically.
6. Starting in 2010, even the rich can Roth.
7. The 529 college savings plans are now permanent.

(This information was pulled from the David Bach Finish Rich September Newsletter - you can subscribe to it for free on his website)