SECURE Act 2.0 Legislation Introduced—And Wow!
There's a lot for plan advisors, sponsors and participants to like
by John Sullivan, Editor-In-Chief
October 27, 2020
Expand auto-enrollment, provide incentives for small businesses to offer plans, increase the RMD age to 75, allow for bigger catch-up provisions - there's a lot in so-called SECURE Act 2.0.
On Tuesday, Ways and Means Committee Chairman Richard Neal, D-Mass., and Ranking Member Kevin Brady, R-Texas, introduced the Securing a Strong Retirement Act of 2020, bipartisan legislation they say will "help a greater number of Americans successfully save for a secure retirement."
The bill builds on the SECURE Act passed late last year to further improve workers’ long-term financial wellbeing.
more info at links
https://401kspecialistmag.com/secure...duced-and-wow/
https://waysandmeans.house.gov/media...then-americans
https://www.accountingtoday.com/news...and-tax-breaks
https://www.napa-net.org/news-info/d...troduced-house