Two retirement bills have been advancing through Congress with unusual bipartisan support: the Senate Finance Committee’s Retirement Enhancement and Savings Act (RESA) and the House Ways and Means Committee’s Setting Every Community Up for Retirement Enhancement (SECURE) Act.
In a story reported by Melanie Waddell on April 5, Elizabeth Kelly, a senior vice president at United Income, a retirement planning firm, said that the “most significant” changes included in the recently proposed SECURE Act and RESA fall into two buckets: efforts to get more small businesses to offer workplace retirement savings plans and changes to IRA rules, including on required minimum distributions,