New Bill for “SECURE Act 2.0” Could Change Retirement System

A new effort is gaining support by some lawmakers in Washington. The House Ways and Means committee is unveiling a new bill that hopes to secure retirement for many with a new bipartisan bill.

Some of its notable features include automatic enrollment in company retirement plans if one is offered. It’s also rumored to raise the mandatory age for distributions again. This age would move (again) from 72 to 75.

Secure Act 2 hopes to also provide tax breaks if certain people start saving for retirement and would likely explore the possibility of a national retirement plan.

Read more about it here.

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