Friday, October 30, 2020
Last week CNBC ran this story: New retirement bill has perks for seniors, student loan borrowers. Here are the key points from the story
A new, bipartisan bill would raise the age for required minimum distributions from accounts like 401(k)s and IRAs to 75, from 72.
It would also let workers repaying student loans to get a company 401(k) match even if they’re not saving in their workplace plan.
The Securing a Strong Retirement Act of 2020 was proposed Tuesday by Rep. Richard Neal, D-Mass., and Rep. Kevin Brady, R-Texas.
Here's the news story "The legislation, proposed by House lawmakers on Tuesday, raises the age for starting RMD from 72 to 75. The bill, the Securing a Strong Retirement Act of 2020, is available here.
Thanks to my colleague and friend Professor Feeley for sending me the story.