Displaying 39 results
Two cheers for the SECURE 2.0 Act
Digesting everything in the new law will take some time as financial advisors will have plenty of interpreting and educating to do.
Advisors, plan sponsors dig into the many, many provisions of SECURE 2.0
The retirement savings legislation signed into effect by President Biden last week as part of a government funding bill includes 92 provisions designed to boost the number of Americans saving for retirement, as well as the size of their nest eggs.
Omnibus includes index-linked annuities legislation, other stocking stuffers
Several policies that affect advisers — in addition to the SECURE 2.0 retirement-savings bill — catch ride on last vehicle moving through Congress this year.
Bipartisan retirement savings bill foreshadows post-SECURE 2.0 debate
Senate and House members introduce a measure that would establish retirement accounts for low- and middle-income workers not covered by an employer plan.
Financial firms, lobbying organizations urge Congress to vote on SECURE 2.0
Provisions such as raising the RMD age and expanding workplace retirement coverage, which have been approved by the House and by Senate committees, must be rolled into one bill and enacted before year-end.
Pushing to bolster retirement readiness with SECURE 2.0
The legislation is a necessary step to ensure that more and more Americans can live comfortably once they stop working.
SECURE 2.0 occupies rare common ground, tees up progress
The House approved the retirement-industry boosting SECURE Act 2.0 in a landslide, setting the stage for a Senate vote in the back half of 2022.
Another Senate committee unanimously passes retirement savings legislation
The bill would raise the RMD age from 72 to 75, increase catch-up contributions and allow retirement plan matches for student loan payments. It will be combined with another recently advanced Senate measure.
Senate committee approves comprehensive retirement savings bill
The unanimous voice vote adds to momentum for Congress to pass SECURE 2.0 by the end of the year.
Momentum continues for SECURE 2.0 legislation
Measures that would build on the SECURE Act's efforts to improve retirement security could run into trouble if consumer advocates zero in on annuity reform.
Advisers cheer SECURE 2.0 and renewed focus on retirement savings
The proposed legislation's popular provisions include increasing the RMD age to 75 and allowing employers to match student loan payments with retirement plan contributions.
House approves SECURE 2.0 with strong bipartisan vote
Supporters of the legislation, which would raise the RMD age to 75, are pushing for Senate action to get a final bill to President Biden later this year.
Congress should continue updating the retirement system
The SECURE Act 2.0 builds on the success of the original SECURE Act signed into law in 2019 with several commonsense provisions to further help individuals save and invest for their retirement.
Senate retirement bill includes tax break for financial planning
While the provision helps level the playing field, prominent industry observers, like Michael Kitces, worry the benefit is too narrow. Investment Adviser Association, and other groups, are pushing for a broader tax deduction.
Wealth gap, emergency savings lead Senate committee hearing
Panelists testified that more must be done to help retirement savings, including emergency savings and student-debt management services. It might also mean passing legislation to discourage workers from prematurely cashing out their 401(k) balances.
Congress, stop the madness and eliminate RMDs
The proposed SECURE 2.0 legislation seeks to raise the age for required minimum distributions, but that will create more problems than it solves.
House panel unanimously passes SECURE 2.0
The bill, which advances to the House floor with a strong bipartisan push, would raise the RMD age from 72 to 75, among many other provisions.
4 life insurance and retirement trends to watch
We can learn from the last year and look back on it as a catalyst to achieve long-term, sustainable and far-reaching positive change.
Retirement savings legislation can overcome gridlock, lawmaker says
At a Senate hearing, a financial adviser and an insurance executive back small-business incentives and raising RMD age
