Showing posts with label Secure Act. Show all posts
Showing posts with label Secure Act. Show all posts

Thursday, February 9, 2023

'This is a big deal': What to know about the new retirement savings law - ABC News

First off, the new rules will take the onus off of workers to initiate new retirement accounts, instead enrolling them automatically when they start a job. Also, Secure Act 2.0 allows retirement accounts to automatically travel with workers when they move from one job to the next, Dickson said. 

Plus, the law creates a database for finding lost retirement benefits, helping workers keep track of and collect savings generated at a given employer or over a particular period of time that they may have otherwise overlooked...


Wednesday, November 27, 2019

The Secure Act makes critical reforms to our retirement system — let's pass it this year | TheHill

Every hardworking American deserves the chance to have a comfortable retirement. But for far too many Americans it seems out of reach: a recent study by Northwestern Mutual found that two thirds of Americans believe they’ll outlive their retirement savings. People are right to be worried, because as a country we are not saving enough for retirement.
https://thehill.com/blogs/congress-blog/politics/471863-the-secure-act-makes-critical-reforms-to-our-retirement-system

Monday, June 24, 2019

Why Ted Cruz may be holding up major retirement legislation in the Senate - CNBC

New retirement legislation called the Secure Act sailed through the House in May. But one sticking point — the use of 529 savings plans to fund home schooling and special needs care — could be holding it up from moving forward in the Senate...
https://www.cnbc.com/2019/06/21/why-ted-cruz-may-be-blocking-major-retirement-reform-in-the-senate.html








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