Bill Addresses: Retirement and Accounts

bill addresses: Part of the bill addresses the grim outlook for many workers who don't have access to workplace retirement accounts, according to Market Watch. It offers small businesses tax incentives to set up automatic enrollment in retirement plans for its workers, or allows them to join multiple employer plans, where they can band together with other companies to offer retirement accounts to their employees in the first place. The SECURE legislation which stands for Setting Every Community Up for Retirement Enhancement puts into place numerous provisions intended to strengthen retirement security across the country. The bill also eliminates the maximum age cap for contributions to traditional individual retirement accounts. The SECURE Act is a nice thing anything we can do on a bipartisan basis in this day and age is something of value but my sense is the changes in the act are really quite modest, said Alicia Munnell, director of the Center for Retirement Research at Boston College, and a columnist for Market Watch. Not all retirement experts are certain the bill will have much of an impact. (news.financializer.com). As reported in the news.