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.
Category: Retirement/Income
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.
Retirement plans may not be out of reach for small businesses
Many small business owners may not realize that Internal Revenue Service offers a tax credit for the costs of establishing workplace retirement plans.
Proposed bill represents landmark changes to retirement savings
The Senate is considering a bill that represents the most comprehensive changes to retirement savings since the Pension Protection Act of 2006.
Will Social Security be solvent when it is time to collect?
A new report found that the cost of Social Security is projected to exceed its income in 2020 and the trust funds are projected to be depleted in 2035.