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While Congress and others mull Social Security reform, the Labor Department’s current focus is on protecting private retirement accounts.
The good news is the Biden Administration has stepped in to give investors more protection from conflicts of interest. The recently finalized Retirement Security Rule is aimed at ensuring these ...
A second Biden presidency could therefore impact many Americans’ IRAs, 401 (k)s and other retirement accounts.
Congressional pension. Congressional pension is a pension made available to members of the United States Congress. As of 2019, members who participated in the congressional pension system are vested after five years of service. A pension is available to members 62 years of age with 5 years of service; 50 years or older with 20 years of service ...
Nestled inside the $1.7 trillion government spending bill, which has passed Congress and is headed to President Biden's desk for a signature, is a suite of significant reforms to the private ...
The SECURE Act changed the most popular retirement plans used in the United States and was the first major retirement-related legislation enacted since the 2006 Pension Protection Act . [2] [3] Major elements of the bill include: raising the minimum age for required minimum distributions from 70.5 years of age to 72 years of age; allowing workers to contribute to traditional IRAs after turning ...
The latest iteration of President Biden's Build Back Better bill, the $1.75 trillion social spending initiative that has been struggling to get votes in Congress, now preserves a lucrative ...
The American Rescue Plan Act of 2021, also called the COVID-19 Stimulus Package or American Rescue Plan, is a US$1.9 trillion economic stimulus bill passed by the 117th United States Congress and signed into law by President Joe Biden on March 11, 2021, to speed up the country's recovery from the economic and health effects of the COVID-19 pandemic and recession. [1] First proposed on January ...