Ted Benna's take on SECURE Act and 2020

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In what has been called the most comprehensive retirement security legislation in a decade, a spending bill that includes the Setting Every Community Up for Retirement Enhancement (Secure”) Act was signed in late December. This means changes to retirement plans going forward. Further, the American Council of Life Insurers estimated that the Secure Act will result in 700,000 more American workers saving for retirement.

When asked his thoughts on the changes, Ted Benna, a former benefits consultant — often called the “Father of 401(k)s” — provided BenefitsPRO’s sister publication Investment Advisor these comments: