'Window is closing': Chances for long-awaited retirement legislation are fading fast
The government is one week away from possible shutdown with lawmakers apparently nowhere near a deal to fund the government into 2023.
And while most observers expect that issue to get resolved one way or another in the coming weeks, the brinkmanship appears to be jeopardizing another effort: the long-delayed retirement reform legislation informally known as SECURE 2.0.
The package, if enacted, would make a host of changes to how Americans save for retirement — from increasing the age for required minimum distributions to pushing businesses to get more employees enrolled in plans — and would help address a looming retirement crisis for many.
“There has been a narrow window for SECURE Act 2.0 to pass but the window is closing with each passing day,” Stifel Chief Washington Policy Strategist Brian Gardner told Yahoo Finance.
https://finance.yahoo.com/news/window-is-closing-chances-for-long-awaited-retirement-legislation-are-fading-fast-162040063.html
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