Last month, the administration officials said the White House would not lobby for the tax-free accounts until the fall.

The most effective tax-management strategy is to keep fund shares in 401(k) and other tax-free accounts.

About 20 percent of those who have bought the tax-free accounts since they became available were previously uninsured.

He was supposed to pass the money through to a bank in the Caymans and establish tax-free accounts.

Twenty thousand pounds of that sum sat in a special tax-free account for him.

That problem could be licked by requiring retirees to give five years' notice before switching out of the tax-free accounts.

Bright Start provides parents with the opportunity to invest in a tax-free account to save for their children's college education.

For instance, it pays to start saving early because the power of compounding, especially in a tax-free account, means you'll have more money later.

Taxes will not be included, given that many people have retirement money invested in tax-free accounts.

Seventy percent of the 14 million families who would open these tax-free accounts make less than $75,000 a year.