The SECURE Act aims to encourage Americans to save more for retirement, in part by making that process easier. Now that SECURE 2.0 has passed the House, it’s on its way to the Senate.
August 09, 2022 at 11:35 AM
13 minute read
By Lawrence L. Bell
What You Need to Know
- The Setting Every Community Up for Retirement Enhancement Act was passed in late 2019., but lawmakers said they weren’t done.
- The House of Representatives recently approved SECURE 2.0 that would tweak the rules for contributing to and withdrawing from retirement savings vehicles.
- At the markup hearing on June 22, senators touted various aspects of the more than 70 provisions in the proposal.
This article appeared in Accounting and Financial Planning for Law Firms, an ALM/Law Journal Newsletters publication covering all financial aspects of managing law firms, including: building a law firm budget; rates and rate arrangements with clients; coordinating benefits for law firm partners; and the newest strategies to grow your firm and your career.
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