Learn More About the Sweeping Legislation Designed to Fight America’s Retirement Savings CrisisBy Kathy Longo, CFP®, CAP®, CDFA
Monday, 20 January 2020
In May 2019, the U.S. House of Representatives passed the Setting Every Community Up for Retirement Enhancement Act, commonly called the SECURE Act. Designed to help tackle our country’s growing retirement savings crisis, the far-reaching legislation spent months tied up in the Senate. On December 19, 2019, it passed the Senate with a 71 to 23 majority.
Let’s take a look at a few standout provisions of the legislation and discuss what they could mean for you.