FYI: The prospect of being able the offer a wider array of retirement plan products to a greater audience has the financial securities industry and financial advisors hailing the Retirement Security & Savings Act, a broad set of reforms designed to strengthen America’s retirement system that was introduced in the U.S. Senate last week.
The bill, introduced by Senators Rob Portman (R-OH) and Ben Cardin (D-MD), includes more than 50 provisions designed to encourage and help people who have saved too little to set aside more money for retirement. The bill would also enhance tax breaks and ease regulations to encourage more small businesses to offer 401(k) and other workplace retirement plans, including annuities
Regards,
Ted
https://www.fa-mag.com/news/senate-bill-would-raise-required-minimum-distribution-age-to-75-45006.html?print
