Tag: legislation
The inclusion of the new Saver’s Credit in the Secure 2.0 Act provides some balance to a piece of legislation that previously had primarily provided extensive goodies to high earners in the form of delayed required minimum distributions, provisions for catch-up contributions, and more. Despite my enthusiasm for the new credit, I do have some questions about…
A reporter asked how big the new retirement law (Secure 2.0) was. Despite having the estimates from the Joint Committee on Taxation in front of me, I had to give a convoluted response. If we ignore the proposal to enable employers to establish emergency savings accounts, the answer is straightforward. The provisions cost about $51 billion. This…
