Recently, President Bush signed new legislation into law dubbed the Worker, Retiree and Employee Recovery Act of 2008. The bill contains some clean-up language to other laws relating to retirement accounts, but the significant feature is that persons age 70 1/2 years old or older, or their beneficiaries, will no longer have to take required annual distributions from retirement accounts. Particularly in a down market, this may help investors. The legislation also contains special provisions relating to employer plans that are in endangered or critical status. Investors should consult their financial advisors and CPAs for information about how the legislation impacts them.