While 2024 was a year of notable events, it also marks a significant milestone in the financial world: the 100th anniversary of the mutual fund. Mutual funds were born in 1924 with the Massachusetts Investors’ Trust, a groundbreaking effort to bring the benefits of investing to ordinary Americans. Fast forward a century, and mutual funds have transformed the financial landscape, becoming a cornerstone of savings and investment for roughly 120 million Americans. Congress has the unique opportunity to strengthen mutual funds further, ensuring a secure retirement is within reach for every American.
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