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What advisors, sponsors, and providers need to know about this game-changing retirement legislation.
The Setting Every Community Up for Retirement Enhancement Act has been attached to a comprehensive spending bill that the House of Representatives is expected to vote on, and pass.
SECURE is actually part of a tax extender bill that appropriations negotiators comingled with the spending package.
The version of SECURE that lawmakers will vote on appears to be identical to the version that passed out of the House in May by a near unanimous vote, according to several preliminary retirement industry analyses.
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Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
Copyright © 2023 ALM Global, LLC. All Rights Reserved.
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