Now that the Senate has passed a sweeping paying monthly bill to fund the federal government into upcoming calendar year and avert a shutdown, advisors are cheering a significant overhaul of the guidelines all-around retirement personal savings that was provided in the offer.
The so-called Secure 2. Act, the successor to a landmark 2019 retirement monthly bill, appreciated wide support in the prosperity administration industry, with trade groups like the Investment Adviser Association and the Insured Retirement Institute lobbying for its passage. Here are the significant adjustments:
Increasing…
