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Thread: Important Bipartisan Retirement Legislation Introduced

  1. #1
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    Default Important Bipartisan Retirement Legislation Introduced




    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


  2. #2
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    AARP Comes Out In Support of Brady, Neal Retirement Legislation

    October 29, 2020

    This week, Ways and Means Republican Leader Kevin Brady (R-TX) and Chairman Richard E. Neal (D-MA) introduced the Securing a Strong Retirement Act of 2020...


    Dear Chairman Neal and Ranking Member Brady:

    AARP, on behalf of our 38 million members and all older Americans nationwide, is pleased to support your bipartisan efforts to improve the retirement system with the introduction of the Securing a Strong Retirement Act of 2020. While Social Security continues to be the bedrock of retirement income for most American workers and their families, individuals want and need additional retirement income sources, and we appreciate your bipartisan work to make a number of improvements to current law....

    more info at link

    https://gop-waysandmeans.house.gov/a...t-legislation/


  3. #3
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    I posted this because TV news is too busy with partisan politics [most of which will not amount to a hill of beans after the election] to report about this important bipartisan retirement bill that [if passed into law] would benefit most Americans.

    For example... raising the age of government mandated "RMD" [REQUIRED minimum distribution] from traditional IRAs/401ks is GOOD because it gives individuals more time/power over their own money so they can decide if or how much of their own money they withdraw per year based on their own personal needs and tax advantages.



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