Tag: financing retirement
In June, the relevant Senate Committees approved their versions of the House bill called “Securing a Strong Retirement Act of 2022” (SECURE 2.0). Specifically, the Health, Education, Labor and Pensions Committee advanced the “Rise and Shine Act” on June 14, and the Finance Committee passed the separate EARN Act on June 22. These two bills…
Abstract Unlike defined benefit pensions that provide participants with steady benefits for as long as they live, 401(k) plans and Individual Retirement Accounts (IRAs) provide little guidance on how to turn accumulated assets into income. As a result, retirees have to decide how much to withdraw each year and face the risk of either spending…
