Secure 2.0 Act Still Leaves Holes in Retirement Planning

December 27, 2022 by Teresa Ghilarducci

Congress has passed a bill called Secure 2.0 to help American workers save for retirement. Support was bipartisan: Mitch McConnell and Alexandria Ocasio-Cortez both voted for it.

But although there are some good pieces to the legislation, no one should confuse it with a solution to the nation’s retirement crises. And in fact, a better alternative was introduced in Congress just a couple of weeks ago. It also has bipartisan support. That bill, known as the Retirement Savings for Americans Act of 2022 (RSSA) would have been the better investment.

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Originally Posted at ThinkAdvisor on Decebmer 26, 2022 by Teresa Ghilarducci.