McCain proposes suspending mandatory stock sales - News, Weather, Sports, Toledo, OH

McCain proposes suspending mandatory stock sales

LA CROSSE, Wis. (AP) - John McCain is proposing a plan that would suspend mandatory sale of stocks in retirement funds.

McCain said Friday that his economic plan would spare investors who have to start selling off their retirement accounts at age 70 and a half. As the economy struggles and Wall Street plunges, the value of these accounts have tanked.

McCain says investors shouldn't have to sell their accounts as the economy is at the lowest point in years. He says the investment rules should be suspended until the stock market recovers.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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