More clarity on Secure 2.0 retirement bill
A new retirement bill, known as Secure 2.0, recently passed a key House committee and will be considered by the full House at some point.
Category: Retirement/Income
When to choose a non-hardship 401(k) withdrawal
Some 401(k) plans allow investors age 59½ to take a non-hardship 401(k) withdrawal, providing the option to transfer savings to an IRA without penalty.
The tax bite on retirement income may surprise retirees
Challenges can emerge for investors who have not planned for the impact of taxes on retirement income.
Five key changes proposed by Secure Act 2.0
The House last week introduced a bipartisan bill, known as Secure Act 2.0, to expand retirement plan participation and savings.
Retirement savings tax advantages may change under Democratic proposals
Some tax proposals introduced by the Democratic presidential campaign may cause changes to retirement savings accounts.
Pandemic could reduce Social Security benefits
The pandemic is taking a broad economic toll causing many workers to earn less which could reduce Social Security benefits in the future.
Moving forward when RMDs are suspended
The CARES Act provisions suspended RMDs for this year and may impact investors’ financial plans.
New rule under SECURE Act blocks tax abuses using QCDs
The SECURE Act introduced an anti-abuse rule to prevent benefiting twice from taking IRA distributions and QCDs.
SECURE Act: Congress passes landmark retirement legislation
The passage of this landmark legislation represents the most significant changes to the retirement industry since the Pension Protection Act (PPA) of 2006.
Three key changes for Social Security in 2020
Some key changes for Social Security are planned for 2020 and will impact millions of retirees as well as current workers paying into the system.