News | 05.15.19
Senators Introduce Bipartisan Retirement Savings Bill
Sens. Rob Portman (R-OH) and Ben Cardin (D-MD) have introduced a bill that would help people who have saved too little to put aside more for retirement, while small businesses would be encouraged to offer employees 401(k) plans. It would also expand access to retirement savings programs to low-income people and increase to 72 the age at which people must start withdrawing from their retirement accounts. The bill drew quick applause from financial companies that offer retirement savings products. “We urge Congress to clear the way for the passage of this important bill,” said Robert Higginbotham, an official at T. Rowe Price.
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