A few years back, a prominent public figure proposed an overhaul to the existing retirement structure by permitting individuals to save for retirement as well as for other life or personal events.

Name the prominent figure behind this overhaul?

Plan Contribution Key Feature Anyone can contribute annually, regardless of age or income. There's ##,000 maximum (tied no tax deduction for contributions, Personal Account #1 to inflation in future but earnings and distributions from years) the account would be tax free. Funds can be used for any purpose and taken out at any time without a tax penalty. There are no income limits, but you can't contribute more than your Retirement $##,000 maximum (tied wages. There's no tax deduction for Account #2 to inflation in future contributions, but earnings and years) payouts are tax-free when withdrawn after age 58, or after a disability or death. Will follow basic existing rules for $##,000 with a 401(k) plans, but simplified, Would scheduled increase to replace 401(k), 403(b) and Employer $##,000 in three years. governmental 457 plans, as well as Account #3 Savers 50 and older SARSEPs and "Simple" IRAs. Can may contribute another be sponsored by any employer. $#,000 this year. Defined benefit plans wouldn't be affected