The full Senate passed by a 71-23 vote Thursday the Setting Every Community Up for Retirement Enhancement (Secure) Act as part of the year-end spending bill.

The spending package is expected to be signed into law by President Donald Trump on Friday as the current continuing resolution funding the government expires.

Andy Friedman, founder and principal at The Washington Update, told our sister site ThinkAdvisor that the Secure Act, H.R. 1994, “affects IRA and 401(k) account holders favorably by increasing the RMD age and eliminating restrictions on IRA contributions for certain workers.”

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Melanie Waddell

Melanie is Washington Bureau Chief, Investment Advisory Group. She also covers regulatory and compliance issues. Her column, The Playing Field, appears in Investment Advisor and on ThinkAdvisor.com, and she also writes the briefing and produces the podcast, Human Capital. Earlier in her career, Melanie covered financial issues at American Banker/Thomson Media publications in Washington and New York. She also wrote freelance articles for Institutional Investor in New York. You can reach her at [email protected] On twitter: @Think_MelanieW

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