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Thread: Congress wants to make changes to retirement system

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    Default Congress wants to make changes to retirement system

    Congress wants to make more changes to the U.S. retirement system. Here’s what’s in play

    Less than two years after the Secure Act ushered in significant changes to the nation’s retirement system, more modifications may be on the horizon.

    Two similar, bipartisan bills — one each in the House and Senate — aim to build on that 2019 legislation as a way to bolster the ranks of savers and increase retirement security. While the measures are in the early stages of the legislative process, observers expect there to be some movement on them in the coming months.


    “The outlook is positive,” said Timothy Lynch, senior director at the law firm of Morgan Lewis. “There’s bipartisan support, so there’s likely to be action sooner rather than later.”
    https://www.cnbc.com/2021/06/09/cong...nt-system.html
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor. Please do your own due diligence.


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  3. #2

    Join Date
    Aug 2011
    Location
    Mississippi
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    Default Re: Congress wants to make changes to retirement system

    Some of that sounds good, but I'm not for giving people with student loan debt a break. It's voluntary debt.
    Scott Harrison
    Senatobia, MS

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  5. #3

    Join Date
    Jul 2016
    Location
    Texas
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    2,183

    Default Re: Congress wants to make changes to retirement system

    I like increasing RMD age to 75.

    I wish the. would increase timeline for beneficiaries to withdraw inherited IRAs

    I don't mind letting employers provide matching to those paying off student loans provided they are paying off more than the match, but administratively that sounds like a nightmare waiting to happen.

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