The Capitol in Washington. (Photo: Mike Scarcella/ALM)
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,
Will these bills actually pass, and if they do, how will they effect financial advisors and their clients? For a deeper dive on these and other questions, follow this discussion between Ronald Pechtimaldjian, executive editor of ThinkAdvisor, and Waddell, Washington Bureau chief of ThinkAdvisor. And please email us if you have other questions you want us to tackle: [email protected] and [email protected]. Thanks for joining the discussion!
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