7 Secure Act 2.0 Provisions That Are Popular With Advisors

During a recent event hosted by the Bipartisan Policy Center, Sens. Cory Booker, D-N.J., and Todd Young, R-Ind., said they remain optimistic that major retirement reform legislation known as the Secure Act 2.0 would soon become law. Technically, Secure 2.0 is a legislative framework and not a specific bill. Instead, it comprises several pieces of related legislation working their way through the House and Senate, including the House-passed Securing a Strong Retirement Act and two bills that have only passed out of committee in the Senate, dubbed the Earn Act and the Rise & Shine Act. With limited floor time remaining in the Senate in 2022, lawmakers still must pass a national defense authorization bill, as well as legislation to keep the government funded. As such, Young and Booker conceded, passage of Secure 2.0 could very well slip into 2023. Either way, they feel optimistic that the legislation will remain high on the list of congressional priorities and possibilities. To mark the legislative progress unfolding on Capitol Hill, LPL Financial has published new survey data generated from a poll of more than 600 LPL-affiliated financial advisors, finding near universal support for Secure 2.0. Overall, more than 95% of respondents favor the legislation's passage. See the slideshow for a rundown of advisors' favorite Secure 2.0 provisions, alongside other key facts and statistics the speak to the importance of the legislation's passage.