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.

What? Retire Earlier?

You hear many conflicting ideas about when is the best time to retire: As soon as I’m able? On your 62nd birthday and get those early retirement benefits? At the full benefit time- 66-67 or should you just wait till age 70 or later? To whom should you listen?

A recent survey conducted by New York Life Insurance Company shows that retirees themselves wish that they had retired sooner…an average of 4 years sooner.  Why? They wanted the time to enjoy retirement life while their health was still good.

The survey showed that the people who responded in this way did have some moderate retirement savings. The problem is that many boomer who participated in the study, report having far less savings than that of the generation prior.

Have you made any plans for retirement? Do you have enough to retire a bit sooner? Let RetirementView Software help you see where you stand and what you can do to improve the outlook for your retirement.  Check us out at and let us help guide you to a more secure retirement.

You can read more of the details of the survey at

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