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Proposed Tweaks to the 401(k) System Are Small Ball, But Welcome
The Washington Post; subscription may be required
Apr. 22, 2019 "The Secure Act ... boosts incentives for small businesses to offer their employees 401(k)s and to enable the businesses to enroll employees automatically once a plan is in place. It enables part-time workers to join 401(k)s. Also, it raises from 70-1/2 to 72 the age at which [IRAs] must be tapped.... [T]he Secure Act includes offsets for most of its $5.7 billion in new tax breaks over the next five years, and is fully paid for over a decade." MORE >> |
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