Senate passage of the EARN Act moves retirement reform legislation closer to a vote before both chambers of Congress.
The Treasury Department updated the life expectancy projections used to calculate RMDs which may allow retirees to keep more savings longer.
Some tax proposals introduced by the Democratic presidential campaign may cause changes to retirement savings accounts.
While major legislation is unlikely to be passed during an election year, some smaller-scale bills to help savers could be advanced.
Small business owners and sole proprietors may find a SEP IRA helpful in establishing retirement savings.