Podcasts about strong retirement act

At the end of 2022, the Consolidated Appropriations Act of 2023 (the Act) was signed into law. The bill included the Securing a Strong Retirement Act, commonly known as SECURE 2.0, that gave new guidance and regulations to retirement plan provisions. The new law encourages employers to offer retirement savings plans, extend tax deferred earnings for plan participants and permit easier withdrawals for emergencies.Brooks Nelson, Partner and Strategic Tax Leader, and Sarah McGregor, Tax Director, welcome Deb Walker, Tax Director, on today's tax beat podcast to learn more about the many new retirement plan provisions introduced in SECURE 2.0.This Podcast Will Cover:2:55 - Background on SECURE 2.04:08 - Provisions Impacting Employers6:07 - Changes to Catch-Up Contributions11:27 - Changes to Required Minimum Distributions16:09 - Unused 529 Plans18:33 - Benefits for Employees   Related Guidance:SECURE Act 2.0: Summary of Key Tax and Retirement Provisions

January 2, 2023 ~ Full Show. Matthew Schneider Partner at Honigman Law and Former US Attorney for the Eastern District of Michigan goes through revelations made with the release of Donald Trump's tax returns. Senior News Analyst Marie Osborne on the newly approved weight loss drug that could become the biggest selling drug of all time. Sports Analyst Steve Courtney recaps the weekend's football action. Malli Barremkala Associate Professor at Oakland University's William Beaumont School of Medicine and Founding Director of the Body Donation Program discusses the new partnership between OU and Pixley Funeral Home that allows people to donate their bodies to science in exchange for free storage of their ashes and Randy Joseph Investment Advisor Representative for Secure Financial Group talks about the Strong Retirement Act of 2022 giving part time workers better access to retirement benefits.

Kelley breaks down proposals that are included in Securing a Strong Retirement Act of 2022 which is also known as Secure Act 2.0.  Proposed changes include requiring employers to auto enroll employees in a 401(k) or 403(b), raising the RMD age, new rules for 401(k) retirement plans, and increases for catch up contributions.  She also gives considerations on saving more and saving smarter for retirement such as factoring in longevity and inflation, looking at a health savings account, and considering an annuity.  Kelley then moves to what you will do with all that time in retirement.  Trips, part-time work, fitness, health, and finding your purpose are included in the conversation. You can reach Kelley Slaught by calling 800-838-8060. California Wealth AdvisorsSee omnystudio.com/listener for privacy information.

In this episode Bill is joined by Voya's own Jeff Cimini, SVP, Retirement Product Management and Mark Sides, SVP, Deputy General Counsel, to help unravel the latest in retirement legislation and provide an update on what may be coming later this year in terms of some new retirement support for Americans. Specifically, they're here to dive further into “what means what" and mostly, "what entails what” when it comes to the Enhancing American Retirement Now Act, which was passed by the Senate in June, but not published until early September, as well as related bills in the Senate (RISE & SHINE) and the House (Securing a Strong Retirement Act).Bill Harmon and Jeff Cimini are registered representatives of Voya Financial Partners, LLC (member SIPC).CN2457156_1024

We've all heard of the great divide. The most dysfunctional Congress ever. The end of civility! There's an impression that nothing passes Congress with bipartisan support anymore. That every piece of legislation has to pass along party lines, setting us up for bloodsport events each and every fucking election cycle. There's a lot of truth to this. And yet, each year thousands of bills and resolutions are introduced and hundreds are eventually signed into law. We define ourselves along partisan lines, but perhaps we should look more closely at what bipartisan efforts say about America.  Visit the episode's accompanying site page. Chapters Intro: 00:00:10 Bill Primer: 00:05:22 Rule One: Protect the “free” market at all costs. 00:12:48 Coffee Break: 00:20:06 Rule Two: Protect the war machine. Even if we don't have our own war. 00:21:36 Rule Three: Protect the war machine. In case you want to start a war.  00:29:02 Post Show Musings: 00:31:54 Outro: 00:36:30 Resources GovTrack: S. 1404: Ghost Army Congressional Gold Medal Act Ghost Army Legacy Project: The story of The Ghost Army in a nutshell GovTrack: H.R. 1448: PAWS for Veterans Therapy Act GovTrack: H.R. 8351: Formula Act GovTrack: H.R. 2954: Securing a Strong Retirement Act of 2021 Committee On Ways And Means, House Of Representatives Report: Securing a Strong Retirement Act of 2021 CNBC: 41% of Americans say it's ‘going to take a miracle' to be ready for retirement, report finds CNBC: Some retirees get by on just Social Security. Experts disagree on how many Congress.gov: 1st Session S. 1770  GovTrack: S. 3522: Ukraine Democracy Defense Lend-Lease Act of 2022 ISS PSC Report: African conflicts to watch in 2022 ISS: Inclusive national dialogue is a priority for Ethiopia ISS: Will this week's AU mission to CAR deliver a change in strategy? ISS: The clock is ticking on South Sudan's transition ISS: South Sudan's transitional government: realities, challenges and opportunities GovTrack: S. 1605: National Defense Authorization Act for Fiscal Year 2022 U.S. Department of Defense: The Department of Defense Releases the President's Fiscal Year 2023 Defense Budget Politico Magazine: Where in the World Is the U.S. Military? UNFTR Episode Resources Procedural F*ckery: Quirks of our “Democracy.” The Beatification of Ronald Reagan. Immigration Nation: A Crisis of Our Own Design. Building the Climate Industrial Complex: Strange Bedfellows, Wildfires and Heat Waves. Priorities: War, Wealth and Welfare. -- If you like #UNFTR, please leave us a rating and review on Apple Podcasts: unftr.com/rate and follow us on Facebook, Twitter and Instagram at @UNFTRpod. Visit us online at unftr.com. Buy yourself some Unf*cking Coffee at shop.unftr.com. Subscribe to Unf*cking The Republic on Substack at unftr.substack.com to get the essays these episode are framed around sent to your inbox every week. Check out the UNFTR Pod Love playlist on Spotify: spoti.fi/3yzIlUP. Visit our bookshop.org page at bookshop.org/shop/UNFTRpod to find the full UNFTR book list, and find book recommendations from our Unf*ckers at bookshop.org/lists/unf-cker-book-recommendations. Access the UNFTR Musicless feed by following the instructions at unftr.com/accessibility. Unf*cking the Republic is produced by 99 and engineered by Manny Faces Media (mannyfacesmedia.com). Original music is by Tom McGovern (tommcgovern.com). The show is written and hosted by Max and distributed by 99. Podcast art description: Image of the US Constitution ripped in the middle revealing white text on a blue background that says, "Unf*cking the Republic."See omnystudio.com/listener for privacy information.

Marty breaks down proposals that are included in Securing a Strong Retirement Act of 2022 which is also known as Secure Act 2.0.  Proposed changes include requiring employers to auto enroll employees in a 401(k) or 403(b), raising the RMD age, new rules for 401(k) retirement plans, and increases for catch up contributions.  He also gives considerations on saving more and saving smarter for retirement such as factoring in longevity and inflation, looking at a health savings account, and considering an annuity.  Marty then moves to what you will do with all that time in retirement.  Trips, part-time work, fitness, health, and finding your purpose are included in the conversation. You can reach Marty Nevel by calling 888-519-9096.See omnystudio.com/listener for privacy information.

In episode 42 of Revamping Retirement, Jennifer Doss and Scott Matheson talk with Dr. Shlomo Benartzi, a behavioral economist widely known for the Save More Tomorrow (SMarT) program, which he pioneered with Nobel Laureate Dr. Richard Thaler. Save More Tomorrow is a behavioral nudge designed to help employees increase their saving rates gradually over time. The SMarT program was incorporated into the Pension Protection Act of 2006 and has since helped boost the retirement savings of more than 15 million Americans through auto-enrollment and auto-escalation features. More than 25 years later, Dr. Benartzi talks about the success of the SMarT program and shares why he feels there is a big opportunity to rethink the details, particularly when it comes to incorporating technology to elevate customization. He also discusses how proposed legislation like the Securing a Strong Retirement Act of 2021 (SECURE 2.0) could help move the dial for auto-features. Shifting the focus from the accumulation phase of retirement, Dr. Benartzi talks about why auto-features are not as relevant when it comes to decumulation—which he considers to be the next big retirement industry gap. He shares why moving from a savings plan mentality to a true retirement plan approach is key and speaks to the importance of personalization when it comes to addressing the differing retirement income needs of participants. In Minute with Mike, Mike Webb shares the differences between fiduciary liability insurance and a fidelity bond.  

Host Beth Garner talks to Norma Sharara, Managing Director, National Tax Office — Compensation & Benefits at BDO regarding the SECURE 2.0 Act of the House, the RISE & Shine Act of the Senate HELP Committee, and the as-yet-unnamed bill from the Senate Finance Committee, all aiming to supply greater access to workplace retirement. Beth and Norma discuss some of the provisions of each bill and how they differ, including a SECURE 2.0 provision for student loan debt.Listen in to get information on bipartisan supported expected improvements to workplace retirement plans.Key Takeaways:[1:07] On March 29, the U.S. House of Representatives passed Secure 2.0 with a vote of 414-5. [2:48] The Senate Committee on Health, Education, Labor, and Pensions (HELP) passed the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act (RISE & SHINE Act).[4:34] The Senate Finance Committee is considering over 1,000 changes to the House Secure 2.0.[7:44] The original SECURE Act became law in December 2019, before COVID-19. It was the biggest change to retirement plan law since the Pension Protection Act of 2006. SECURE 2.0 seeks to add enhancements to the 2019 act.[8:36] One change is increasing access to workplace retirement plans. Norma explains the differences in the House and Senate bills on mandatory enrollment. Another hot topic is emergency savings. SECURE 2.0 does not have a provision for emergency savings but RISE & SHINE allows a sidecar 401(k) account to build up for emergency use.[10:10] Norma discusses changing the Required Minimum Distributions from starting at age 72 to rising to start at age 75. There are other provisions like allowing additional catch-up contributions, for those close to retirement age and making all contributions after-tax Roth.[10:52] Other possible provisions are allowing employees to have their matching contribution be Roth, to pay tax on the matching contribution up front, and not at the withdrawal, electronic plan administration through email, Savers' Credit being refundable to encourage people to save, and some additional tax credits for small businesses to offset startup costs.[12:44] SECURE 2.0 (but not RISE & SHINE) allows you to treat student loan payments as elective deferrals for purpose of matching contributions. Students are graduating with too much debt and too few job opportunities.[14:39] Another SECURE 2.0 provision, not in RISE & SHINE, is a government-run “Lost & Found” for retirement plan assets of people leaving jobs behind.Resources:BDO.comBDO's ERISA Center of ExcellenceBDO.com/talksERISAEmail: bdotalkserisa@bdo.comHouse Bill Secure 2.0, “Securing a Strong Retirement Act of 2022”Senate RISE & SHINE ActNovember 2022 ElectionSECURE Act of 2019Pension Protection Act of 2006Quotes:“[There are] all sorts of things [in these bills] to encourage people to save more and to really help people have an idea about their retirement.” — Norma Sharara“It's very nice to see that there is broad bipartisan support for these rules and it's exciting to see what comes out of it.” — Beth Garner“The best parts of RISE & SHINE and SECURE 2.0 and whatever the Senate Finance is going to call their bill, hopefully, that will move and we'll see even greater access to workplace retirement savings.” — Norma Sharara

The Government is trying to pass the Secure Act 2.0. In an age of political gridlock, one cause is gaining rare bipartisan momentum in Washington: helping Americans save for retirement. This may be one of the first time where the American people win from the passing of legislation.The House of Representative just passed The Securing a Strong Retirement Act, H.R. 2954, also known as the Secure Act 2.0. This act aims to improve the retirement savings systems. Here are a few key takeaways of the proposal:· Required minimum distribution age will increase from 72 up to 75 by year 2032· If you are 62,63,or 64 your catch up provision will raise from $6,500 up to $10,000· Your employer can use your student loan payments as a match so you can pay down debt AND save for retirement!This is a major victory for retirement savers of all ages, and their employers. Here are some break downs for different investors.

The Government is trying to pass the Secure Act 2.0. In an age of political gridlock, one cause is gaining rare bipartisan momentum in Washington: helping Americans save for retirement. This may be one of the first time where the American people win from the passing of legislation.The House of Representative just passed The Securing a Strong Retirement Act, H.R. 2954, also known as the Secure Act 2.0. This act aims to improve the retirement savings systems. Here are a few key takeaways of the proposal:· Required minimum distribution age will increase from 72 up to 75 by year 2032· If you are 62,63,or 64 your catch up provision will raise from $6,500 up to $10,000· Your employer can use your student loan payments as a match so you can pay down debt AND save for retirement!This is a major victory for retirement savers of all ages, and their employers. Here are some break downs for different investors.

In this episode, we discuss the provisions of the Securing a Strong Retirement Act, also dubbed SECURE 2.0, and how it could influence inequality in America.

In episode 41 of Revamping Retirement, Jennifer Doss and Scott Matheson check in on their 2022 predictions and discuss what the second half of the year may have in store for the retirement industry. Find out where we are with the DOL Rule, environmental, social, and governance (ESG) guidance, the Securing a Strong Retirement Act of 2022—better known as SECURE 2.0—and the newly proposed Rise and Shine Act—formally known as the Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for The Nest Egg Act. In Minute with Mike, Mike Webb discusses the types of investments permitted in defined contribution retirement plans.

Sponsors:Buzzsprout, the best way to start a podcast!https://www.buzzsprout.com/?referrer_id=1305358Safely secure your crypto with Ledger, the largest crypto hardware wallet! https://shop.ledger.com/?r=aa519baed9caWhy do we have a retirement crisis? How much do American's have saved for retirement? What are the solutions to solve this big problem? I discussed all these questions and provided insight on why the problems are prevalent within the economy. Almost half of American's don't have anything saved for retirement. Most working age households are at risk and some working professionals don't contribute to their retirement plan at all. Which in result creates a need for depending on government sponsored plans such as Social Security, Medicaid, Food Stamps. I mention how people have to take more control into their own hands because these programs are not intended to be your only source of income. Rather, it's utilize as a supplement. Another issue contributing to the retirement crisis is the underfunding of pensions. Many pensions across the world have been underfunded due to market uncertainty and companies not being able to fulfill their commitments. Bonds make up a substantial amount in most state pension plans and with interest rate hikes throughout 2022, those don't look ideal has a suitable return of investment.Overall, there are solutions being fulfilled to help encourage more people in America to invest for the long term. The House of Representatives passed the Strong Retirement Act which will automatically enroll employees into their employer's retirement plan. Fidelity also has come out and mentioned that they will give clients the option to invest in Bitcoin with their 401K's. Social Media:Instagram & TikTok: @insightfulprinciplesTwitter: @insightprinplesLinkedIn: Kevin Jenkins Clubhouse: @kevnjenkinsShow email & contact info:Email: insightfulprinciples@gmail.comLinkTree: https://linktr.ee/insightfulprinciples#retirement #crisis  #insightful #principlesSupport the show

Last month, our leaders in Washington did something that felt almost unprecedented nowadays: they agreed on something! The Sunshine Protection Act passed the Senate unanimously. If it gets passed by the House and signed by President Biden, turning our clocks back and forth will be a thing of the past and daylight savings time will be permanent starting in 2023.  All kidding aside, there is a slightly more pressing issue that's drawn broad bipartisan support in recent years: revamping retirement planning. In 2019, the Setting Every Community Up for Retirement Enhancement (SECURE) Act passed the House 417–3 and the Senate 71–23. Its pending sequel, the Securing a Strong Retirement Act, aka SECURE Act 2.0, just passed 414-5 in the House. Those majorities should tell you just how serious the government is about encouraging folks to take more ownership over their long-term financial planning.  On today's show, we (briefly) debate the pros and cons of leaving our clocks alone before digging into the details of SECURE Act 2.0 that could affect retirement if this new bill is passed.  

In this episode of Cherry Bekaert's Tax Beat, Brooks Nelson and Sarah McGregor welcome back Ron Wainwright, Partner with the Tax Credits & Incentives Advisory practice to talk about recent activity in Washington D.C.  The conversation opens with a discussion of the President's proposed budget for fiscal year 2023 and Treasury's Greenbook.  Next, Ron covers tax provisions that may be attached to the “America COMPETES Act of 2022” passed by the House and the “United States innovation and Competition Act” passed by the Senate.  We wrap up the conversation talking about provisions in the House passed “Securing a Strong Retirement Act of 2022” or SECURE 2.0. Chapter markers     3:30    President's proposed budget - Overview   10:42    President's proposed budget – Individuals   16:29    America COMPETES and tax extenders   26:15   SECURE 2.0

Roger and Elias look at the average retirement savings for each age group and discuss how much you should have saved in your 20s, 30s, 40s, 50s, and 60s.  Plus they breakdown the Securing a Strong Retirement Act that is currently making its way through congress. Visit www.BTWealthShow.com  Follow Us on Facebook.com/BTWealthShow  Subscribe to the Podcast https://linktr.ee/BehindTheWealth Hosted By: Roger Abel Co-Host: Elias Randel Produced By: Molly Nordlocken Securities and advisory services offered through LPL Financial, a registered investment advisor, member FINRA /SIPC. The opinions voiced in this show are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investments may be appropriate for you, consult with your attorney, accountant, and financial advisor or tax advisor prior to investing.

Tesla and SpaceX leader Elon Musk is offering to take the social media company private in a takeover bid valued at about $43 billion dollars. He’s already Twitter’s largest shareholder, having purchased 9% of the company’s shares. We speak to senior economics contributor Chris Farrell about the Securing a Strong Retirement Act of 2022, better known as Secure 2.0, which aims to make it easier for Americans to save for retirement.

Tesla and SpaceX leader Elon Musk is offering to take the social media company private in a takeover bid valued at about $43 billion dollars. He’s already Twitter’s largest shareholder, having purchased 9% of the company’s shares. We speak to senior economics contributor Chris Farrell about the Securing a Strong Retirement Act of 2022, better known as Secure 2.0, which aims to make it easier for Americans to save for retirement.

Josh Barker of Radio Free Hillsdale looks at HR 2954, the Securing a Strong Retirement Act which would change some rules surrounding 401(k) and related employer retirement plans.

In many regards, this year is off to a turbulent start. From the war in Eastern Europe and its effects on the markets and economy to continuing inflation and labor market concerns to retirement-related regulatory and legislative developments, there is no shortage of headlines for plan sponsors to consume. In episode 38 of Revamping Retirement, Jennifer Doss and Scott Matheson are joined by Chief Investment Officer Mike Vogelzang to provide context around the challenging environment investors now face. Mike recaps where we are with the bond market, interest rates, and inflation and why maintaining a long-term focus during unsettling times is key.  Later, Jennifer and Scott discuss the recent and expected regulatory and legislative developments—like the House's passage of the Securing a Strong Retirement Act of 2021 (SECURE 2.0), the DOL's cryptocurrency bulletin, and final guidance on environmental, social, and governance (ESG) investments in retirement plans—that may impact retirement plans this year. In Minute with Mike, Mike Webb breaks down the tax penalties associated with early retirement plan distributions.

HR 2954, also known as the Securing a Strong Retirement Act, passed the House on March 29th and is now waiting on a vote from the Senate. Bob Keebler, CPA/PFS, shares the sections most pertinent to CPA financial planners in this episode of the PFP Section podcast, including but not limited to: Section 106 increases the required minimum distribution (RMD) age to 73 beginning on January 1, 2023 and continues to increase the age to 75 by January 1, 2033. Section 108 increases IRA contribution limits for those age 62 through 64 to $10,000 after December 31, 2023. Sections 201 and 202 remove RMD barriers for life annuities and qualifying longevity annuity contracts. Section 601 allows SIMPLE and SEP IRA plans to accept Roth IRA contributions after December 31, 2022. Various sections provide relief for prohibited transactions, excess contributions, and RMD violations.  Access resources related to this podcast: Note: If you're using a podcast app that does not hyperlink to the resources, visit http://pfplanning.libsyn.com/ to access show notes with direct links.  Read a Journal of Accountancy article on this topic. Register for Bob Keebler's AICPA webcast on May 2nd and May 17th, How the 2022 SECURE Act and SECURE 2.0 proposed regulations will impact your clients. Registration will be available soon. Use the Proactive Planning Toolkit audio learning to keep up with the latest and to access Bob's 2022 planning decision charts. This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program. Subscribe to the PFP Podcast channel at Libsyn to find all the latest episodes or search “AICPA Personal Financial Planning” on your favorite podcast app.

Even though Congress stripped the parts of President Biden's “Build Back Better” bill that dealt with retirement plans, lawmakers are working on another piece of legislation.  “Securing A Strong Retirement Act” is designed to encourage and simplify retirement savings.  It would make some major shifts impacting workers with longer life expectancies.  Hear David and Travis discuss six ways this law would change the rules for retirement accounts and how they can help you stay ahead of any potential changes.   

About the Episode:  In this episode, we're talking about what cryptocurrency is and if you should invest in it.  In our Current Event Segment, we're discussing potential changes to retirement options in 2022 with the “Securing a Strong Retirement Act.” Our success Story comes from Lora, who attended one of our Financial Learning Experiences and for the first time understood about how to budget. It has not only affected their finances but also their marriage. Resources: FULLY FUNDED LIFEIWBNIN LadderArticle: A Stalled Retirement Bill Could Be Passed in 2022Budgeting Tools Book: What Everyone Should Know About Money Before They Enter the Real WorldCoinbase - PricesCoinbaseArticle: What is Cryptocurrency Related Monday Money Tip Podcast Episodes:Episode 62: How Much Money Do I Need to Retire? Episode 104: Security Features of MoneyEpisode 184: Setting and Sticking to a Budget Email info@iwbnin.com to ask questions or share success stories.

In episode 35 of Revamping Retirement, our hosts are joined by Jeff Bush, a Washington insider known for his ability to decode the often confusing tax and fiscal legislative landscape. Jeff provides an overview of what we can expect out of Washington in 2022—including a breakdown of the Infrastructure Investment and Jobs Act (IIJA) and what the Senate may cut from the House's version of the Build Back Better Act. Jeff also shares a recap of where Congress is on mandatory year-end legislation—like increasing the debt ceiling, approving government funding, and the National Defense Authorization Act (NDAA). Later, Jennifer and Scott share the key takeaways of the Securing a Strong Retirement Act (known as SECURE 2.0) and discuss what this and other proposed legislation could mean for retirement plan sponsors. In Minute with Mike, Mike Webb talks about how to prevent hardship distributions from destroying your participants' retirement savings.

Jim and Chris sit down to discuss a couple potential provisions of the Securing a Strong Retirement Act of 2021. The post Provisions of the Securing a Strong Retirement Act: EDU #2125 appeared first on The Retirement and IRA Show.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29 Remember the SECURE Act that President Trump signed into law in 2019? It made it easier for Americans to save for retirement. Now, Congress is preparing to upgrade that legislation. They’re calling it the SECURE Act 2.0 and lawmakers are saying it will make it easier for the American family to prepare for a financially secure retirement. We’ll talk about that first, today. This new legislation is officially called the Securing a Strong Retirement Act of 2021. It’s already been approved by the House Ways and Means committee and the full House is expected to vote on it soon. Now, normally, we wouldn’t report on pending legislation. But the SECURE ACT 2.0 has broad, bipartisan support in both the House and the Senate and stands a good chance of landing on President Biden’s desk later this year where he’ll likely sign it. Retirement advocacy groups and the financial services industry also appear to favor the new bill. So what does it mean for you and how might it change the way you save for retirement? It would allow you more time to salt away contributions to your 401(k) or traditional IRA before you have to start taking Required Minimum Distributions and pay taxes on those withdrawals. The original SECURE Act raised the age for RMDs from 70 to 72. That was considered a major improvement. Now, the SECURE Act 2.0 would raise the age for RMDs from 72 to 75. That would be extremely helpful because Americans are living longer and the change would give more flexibility to build up a bigger nest egg before having to make withdrawals. And here’s another key feature. The bill would exempt retirees from taking RMDfor life, if the sum of all their retirement account balances is less than $100,000 when they reach age 75. And that may not be the end of it. There may be growing support on Capitol Hill to get rid of required minimum distributions completely! But don’t look for that in this legislation. Another key provision would push employers to make enrollment in retirement plans the default position for new workers. They’d be automatically enrolled, but could opt out if desired. Right now, employers aren’t required to implement automatic enrollment. But research shows that those that do have higher rates of participation in retirement plans. Many countries, such as the U.K., Australia, and Israel, have mandatory retirement savings programs. Lawmakers say that automatic enrollment would get millions more workers starting to save for retirement at an earlier age, which is key for allowing investments time to grow. SECURE Act 2.0 would help workers pay off student loans while still saving for retirement. It would enable workers to pay back their loans instead of contributing to their retirement plan. But they could still receive employer contributions. In other words, get a so-called matching contribution without putting anything into a retirement account. Imagine that! This legislation would give additional tax breaks to low-income workers who save for retirement under the SAVERS credit and would peg that credit to inflation. The bill would also create a national database for lost retirement accounts. Yes, retirement accounts doget lost, tens of thousands of them. It happens when workers move from one company to another, and then another, and eventually lose track of money they’ve left behind. Currently, workers, age 50 and up, have special catch up provisions for contributing to their retirement plans. The bill would increase those amounts and tie them to inflation. If SECURE Act 2.0 is signed into law (as expected), it could help a lot more people save more for retirement. On today’s program we also answer your questions: I’ll be a first-time homebuyer soon; I’m young. However, house prices are a little higher right now. Should I buy now or wait until later? Should I refinance my mortgage or should I pay additional money towards it? Remember, you can call in to ask your questions most days at (800) 525-7000 or email them toQuestions@MoneyWise.org. Also, visit our website atMoneyWise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources like the free MoneyWise app. Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

Building on a wide-ranging series of retirement plan design enhancements introduced by the Setting Every Community Up For Retirement Enhancement (SECURE) Act of 2019 (hence, SECURE 2.0), Chairman of the House Ways & Means Committee Richie Neal (D-Ma) and Ranking Member Kevin Brady (R-TX) have now introduced a sequel of sorts. Dubbed "SECURE 2.0", the Securing a Strong Retirement Act of 2021 has been introduced and passed the U.S. House Ways & Means Committee, and is now headed for consideration by the full U.S. House of Representatives. Nevin Adams and Fred Reish take a look at five key provisions, their implications for retirement - and for the retirement security of millions of working Americans. Other Resources: https://www.napa-net.org/news-info/daily-news/what%E2%80%99s-new-secure-act-20

Joe, Mike, and Matt wrap up season 2 by discussing the newly proposed Securing a Strong Retirement Act of 2021

  Mark & Matt Discuss the Following on Episode #72: New Proposed Retirement Bill: Securing a Strong Retirement Act of 2020 Almost 50% of S&P 500 Stocks Trading at 6-Month Highs Podcast Guest, Jeff Hoagland, from the Dayton Development Coalition, Discusses the State of the Economy in Dayton, OH. www.jessupwealthmanagement.com Twitter Accounts: @JessupWealth @MarkMcEvily @matthewcjessup  

The election was so polarizing that you likely didn't hear about the new legislation proposed in Congress and how it could impact your portfolio. That's why on this episode, David and Travis simplify the “Securing a Strong Retirement Act of 2020” and how it could affect your portfolio and RMD (required minimum distribution) plan. Spoiler Alert: It's positive news for many retirees! Plus, they share a heartwarming story about how they helped a window keep her husband's legacy alive… while being tax efficient.