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Strategic Benefits Advisors: Plan sponsors should prepare for smooth sailing for SECURE Act 2 0 retirement reform bill
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Complementary SECURE 2 0 Legislation Introduced in Senate
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SECURE 2 0 Calls for Guidance on Asset Allocation Fund Benchmarks
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05/13/21
LEAD STORY
We re in the midst of commencement season, and the Class of 2021 is ready to make its mark. In Washington, without much pomp or circumstance, Congress took action on a number of initiatives designed to affect change across the nation and among a number of disciplines. We take a closer look at some of the parchment papers crossing their stages this week.
SECURE YOUR FUTURE
The House Ways and Means Committee passed H.R. 2954,
the Securing a Strong Retirement Act of 2021, dubbed the “Secure Act 2.0.”Among a number of other provisions, the bill raises the required minimum distribution age from 72 to 75, expands automatic enrollment in retirement plans, and enhances 403(b) plans. The bill now moves to the full House. Supporters of the legislation cite that the COVID-19 pandemic exacerbated our nation s “
Both newer and older employees would benefit from several provisions in the Securing a Strong Retirement Act. Author: Gordon Severson Updated: 8:44 PM CDT May 11, 2021
MINNESOTA, USA Many experts would argue there is a growing retirement gap in this country.
Some Americans have been able to save millions of dollars during their careers and carry the freedom to retire whenever they want.
Others, not so much. In general, Americans aren t great savers when it comes to retirement,” retirement plan manager Meghan Hannon says.
Hannon sees a lot of retirement accounts through her work at the Boulay financial group.
She says accounts come in all shapes and sizes, and she understands why some workers decide to hold off on contributing to their retirement account.