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Proposed legislation could help tens of millions of Americans keep their money working longer. But don’t get too excited just yet.
New legislation recently introduced in both the Senate and the House could help millions of Americans save more money on their mutual fund investments. The Generate Retirement Ownership Through Long-Term Holding (GROWTH) Act would allow those who invest in mutual funds to defer capital gains taxes on any growth in the funds. Currently, when mutual funds distribute capital gains to investors…
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