11.18.22

Financial Firms, Lobbying Organizations Urge Congress To Vote on SECURE 2.0

by: Mark Schoeff Jr.

A group of over 60 financial firms, industry trade associations and other organizations want the U.S. Congress to vote on the SECURE 2.0 retirement savings bill before adjourning for next month's holidays. The final package will likely raise the required minimum distribution age from 72 to 75, boost catch-up contributions, widen workplace retirement coverage and automatic enrollment and ease the inclusion of annuities. "SECURE 2.0 includes bipartisan, common-sense solutions to address the anxiety and insecurity workers and retirees have about their retirement security," states a letter from the group.

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