Congress gets serious about retirement saving

We are now well into 2015 and your New Year’s Resolution to do a better job of managing your money are already being forgotten. As the late Sir John Templeton famously stated, the best time to invest is when you have money! The challenge for many people, with many middle-class people just struggling to make ends meet, is just getting started.

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The House of Representatives on Thursday overwhelmingly passed the SECURE Act, which includes provisions to help people save for retirement. The bill passed 417-3 and is being sent to the Senate. The.

Nov 16, 2016. S. 3471 (114th). An original bill to amend the Internal Revenue Code of 1986 to encourage retirement savings, and for other purposes. In GovTrack.us, a database of bills in the U.S. Congress.

The myRA was designed with the best of intentions – getting more people to save – but I have my doubts as to whether this will have an impact. When it comes to saving. and Congress were serious.

Save for College or Retirement? $16,122 Social Security Bonus. Congress, however, also gets a large portion of its health insurance subsidized by the public on Obamacare’s health exchanges.

Their retirement. Unless Congress gets serious about our national debt, our entire country’s financial future is at risk. It starts with entitlement reform, and you can read about the way forward in my @WSJopinion op-ed: https:.

Lets get one thing out of the way first: unless you have an IRS levy or other legal judgment against you, the US Government has no legal standing to seize the contents of your private retirement account, such as your 401k, IRA, Thrift Savings Plan, your self-employed retirement plan, or any other retirement plan.

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Exception from required distributions where aggregate retirement savings do.. on a consistent basis, overtime is a major component of a substantial portion of.

A generous pension and rich federal benefits make retirement benefits for Congress tough to beat. Rich pensions and the thrift savings plan make your congressman’s retirement tough to beat.

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Congress' new SECURE Act bill is the most significant retirement plan. As part of the goal to get more people saving, the SECURE Act could.

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