6 Big Changes Lawmakers Are Targeting for Retirement Accounts in 2022
Saving for retirement is currently a major challenge for most Americans. Lawmakers are trying to change that.
A proposal called the Securing A Strong Retirement Act of 2021 has received bipartisan support. It would make big shifts in the rules affecting workers saving for their later years. It would also change some rules for current retirees.
While the future of the Securing a Strong Retirement Act is uncertain, it passed the House Ways and Means Committee by unanimous vote and has supporters on both sides of the aisle. Lawmakers have also worked together to reform retirement account rules in the past, most notably with the Secure Act, which was signed into law in December of 2019. This new proposal has also been referred to as Secure 2.0.
Source Fool.com
