It’s been 13 years since Congress has passed any substantial retirement security legislation. We came close in 2016 when the Senate Finance Committee unanimously passed the Retirement Enhancement and Savings Act (RESA). Unfortunately, the clock ran out that year. But now we have the Setting Every Community Up for Retirement Enhancement (SECURE) Act, which builds … Continue reading "SECURE It: An Easy Call for Senate – Pass the SECURE Act"
There are many good reasons why the Senate should pass the Setting Every Community Up for Retirement (SECURE) Act. Its retirement security provisions would make it easier for small employers to sponsor a retirement plan, encourage employees to save more, and clarify critical retirement-related tax rules for church organizations and institutions Interestingly, one of the … Continue reading "SECURE It: Honor our Nation’s Heroes by Passing SECURE Act"
According to the Federal Reserve, only 42 percent of American households headed by someone younger than age 30 have any retirement savings. By some estimates only 5 percent of millennials are saving adequately. Retirement saving among younger workers often falls short because many lack access to workplace plans. Younger workers also face multiple financial demands … Continue reading "Why it’s Important to Start Saving Early"
Have you ever worked forever on a jigsaw puzzle, only to discover you’re missing a key piece? If so, then you’ll understand the current frustration among retirement security proponents who have been working to help solve the nation’s retirement puzzle by passing the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The bill will … Continue reading "U.S. Senate Needs to Pass SECURE Act"
It’s a swing and a miss from some big sluggers in the retirement arena. They tried to smack a key feature of the House-passed retirement bill, the SECURE Act, in a new report. They complained employers have little responsibility under SECURE to vet the finances of a life insurance company offering an annuity for a … Continue reading "Report Whiffs on a Key Feature of Pivotal Retirement Bill"
As appeared on TheHill.com on July 30, 2019. The way Americans work and live is changing, but policy around how we save for retirement will not keep pace if the U.S. Senate isn’t able to act on legislation that passed the House in May. The bipartisan bill — aptly named the Secure Act — expands … Continue reading "If Senate fails on Secure Act, workers lose"