Legislation
Breaking news and analysis on the latest legislation and activities affecting financial services from Capitol Hill.
Secure Act 2.0: A Gateway to 'Rothification' of Retirement?
By Janet LevauxAdvisor Jamie Cox says requiring Roth treatment of catch-up 401(k) contributions would be "the beginning of something bigger."
May 03, 2021
Bill to Boost RMD Age to 75 Up for First Vote WednesdayThe Securing a Strong Retirement Act of 2021 would also expand auto-enrollment and catch-up contributions in 401(k)s.
April 30, 2021
Andy Friedman: Tax Bill Is a Must-Do This YearBiden's "tax increases are going to accompany stimulus that is much greater than the tax increases themselves," says Friedman.
April 29, 2021
Biden Tax Proposal Would Kick In at Over $500K for CouplesThe new top 39.6% tax bracket, proposed in the American Families Plan, would encompass less than 1% of taxpayers, says a White House official.
April 29, 2021
Senate Bill Would Help Workers Build 401(k)s While Repaying Student LoansThe bill would allow employers to make "matching" contributions to a 401(k) while employees make student loan payments.
April 28, 2021
What Advisors Think of Biden's $1.5T Tax Plan"Should these proposals prevail in Congress, financial planners will be more valuable than ever," one advisor told us.
April 27, 2021
Biden Aims to End 'Step Up in Basis' Benefit for EstatesTax package will end an inheritor-friendly policy, bump up the top income tax rate and fund more IRS audits.
April 26, 2021
Which Tax Hikes Are Most Likely?Tax measures floated by President Biden and lawmakers prompt a hot debate; tax experts Greg Valliere and Allison Hutchins weigh in.