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Mr. Gore's savings plan is built around providing matching funds, through tax credits, for people who put money away in a type of savings account that would be modeled after an Individual Retirement Account.
We also created later, another deposit insurance, called the Federal Savings and Loan Insurance Corporation [addition: abbreviated FSLIC], that was doing the savings and loan associations, which were a type of savings bank.
According to Olivier Thiel, a residential investment specialist in the Brussels office of Knight Frank, a London real estate and consulting firm, "Almost everyone who is 30 years old has bought real estate, and they see it as a type of savings".
Alicia Munnell, director of the Center for Retirement Research at Boston College, has an idea that deserves more study and debate: a new type of savings account — in addition to Social Security and 401 k)'s — that would spread the risks among workers, retirees and government.
With Mr. Obama leaving on Saturday for a four-day diplomatic trip to Asia and Thanksgiving looming, the negotiators directed their staffs to flush out the Republican bottom line on the size and type of savings to get from Medicare and Medicaid in preparation for the leaders' next meeting in the week after the holiday.
This type of savings strategy helps ensure that basic needs are covered in retirement if retirement involuntarily occurs before planned.
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C1 New Accounts Proposed The Bush administration unveiled its plan to create two types of savings accounts that would allow couples to save up to $30,000 a year in money that could be withdrawn, with investment gains, free of taxes.
With things looking increasingly gloomy, though, why not allocate extra cash to other types of savings or paying down debt? A. If you're saving for a downpayment, you could put enough money in your retirement account to match any employer contribution.
Some new and alternative types of savings account are not covered by the FSCS.
"These types of savings have been around for 20 years," said Jack Stephenson, a director of the study.
The problem, according to Mr. Sweetnam, is that nobody wants to deal with the transition costs or complexities of turning a bunch of different types of savings accounts into just one.
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