Secure Act 2.0: A Gateway to ‘Rothification’ of Retirement?
May 11, 2021 by Janet Levaux
The Securing a Strong Retirement Act of 2021 passed the House Ways and Means Committee on Wednesday. While it has a long way to go in the legislative process, the bill, dubbed the Secure Act 2.0, has the attention of advisors like Jamie Cox.
The 146-page package aims to raise the required minimum distribution age from 72 to 75 over a 10-year period. It also expands automatic enrollment in retirement plans and enhances 403(b) plans.
It was designed largely to make technical corrections to the initial Secure Act that Congress passed in 2019, says Cox, a member of LPL Financial affiliate Harris Financial Group in Richmond, Virginia.
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Originally Posted at ThinkAdvisor on May 8, 2021 by Janet Levaux.
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