HEROES EARNING ASSISTANCE AND RELIEF TAX (HEART) ACT OF 2008

The President of the United States signed the Heroes Earning Assistance and Relief Tax (HEART) Act of 2008 into law on June 17, 2008.  Military Personnel will have their Individual Retirement Accounts (IRAs) impacted in the following ways:

• Makes permanent the rules that allow qualified reservists to take penalty-free IRA distributions and re-contribute the funds as a nondeductible Traditional IRA contribution up to two years later.
• A recipient of a military death gratuity may roll same over to a Roth IRA or Coverdell Education Savings (ESA) account.
• Beginning in 2009, military personnel may treat differential pay as compensation for making contributions to Traditional and/or Roth IRAs.

For additional information, speak with your Wachovia Securities Financial Advisor or contact the Retirement Resource Center at (866) 588-9606, Monday through Friday, 8:00am to 8:00pm ET.

Wachovia Securities is not a tax or legal advisor.

Wachovia Securities is the trade name used by two separate, registered broker-dealers and non-bank affiliates of Wachovia Corporation providing certain retail securities brokerage services: Wachovia Securities, LLC, Member NYSE/SIPC, and Wachovia Securities Financial Network, LLC, Member FINRA /SIPC.