Randall & Hurley, Inc.
Loren D. Stark Company
EPIC Retirement Plan Services
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|House Committee Unanimously Approves SECURE 2.0|
May 6, 2021
"The bill would increase the required minimum distribution age for retirement plans from 72 to 75 over 10 years. Other provisions would expand auto-enrollment and auto-escalation in company retirement plans; increase tax incentives for small businesses to establish plans; boost catch-up contribution limits for people between the ages of 62 and 64; allow employers to match an employee’s student-loan payment with a contribution to the employee’s retirement plan; and enable greater use of lifetime income products like annuities in retirement plans."
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