Congress wants to make changes to retirement system

[tsptalk]

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/congress-wants-to-make-more-changes-to-the-us-retirement-system.html

 

[rangerray]

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

 

[evilanne]

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.