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What advisors, sponsors, and providers need to know about this game-changing retirement legislation.
Perhaps the best way to study up on MEP is to researcharticles that were written in the years before the concept became popular. (Photo: Shutterstock)The SECURE Act is now a matter of law, and that matters to you.
The close of 2019 saw the passing of a new retirement law that may become just as significant as the 2006 Pension Protection Act (PPA). You may not remember what made the PPA so important, but without its QDIA provision, auto-enrollment, and push away from stable value funds, the gigantic target date fund industry might not have become so gigantic.
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Chris Carosa has been writing a weekly article and monthly column for BenefitsPRO online and BenefitsPRO Magazine since 2011 and is a nationally recognized award-winning writer, researcher and speaker. He’s written seven books, including From Cradle to Retire: The Child IRA; Hey! What’s My Number? – How to Increase the Odds You Will Retire in Comfort; A Pizza The Action: Everything I Ever Learned About Business I Learned By Working in a Pizza Stand at the Erie County Fair; and the widely acclaimed 401(k) Fiduciary Solutions. Carosa is also Chief Contributing Editor of the authoritative trade journal FiduciaryNews.com and publisher of the Mendon-Honeoye Falls-Lima Sentinel, a weekly community newspaper he founded in 1989. Currently serving as President of the National Society of Newspaper Columnists and with more than 1,000 articles published in various publications, he appears regularly in the national media. A “parallel” entrepreneur, he actively runs a handful of businesses, including a small boutique investment adviser, providing hands-on experience for his writing. A trained astrophysicist, he also holds an MBA and has been designated a Certified Trust and Financial Advisor. Share your thoughts and story ideas with him through Facebook (https://www.facebook.com/christophercarosa/)and Twitter (https://twitter.com/ChrisCarosa).
Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.
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