The SECURE Act Can Protect Retirement for More Americans [Fortune]
Morgan Stanley (MS)
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Source: Fortune
The SECURE Act Can Protect Retirement for More Americans President Franklin Roosevelt once said, “There is no tragedy in growing old, but there is tragedy in growing old without means of support Nearly 85 years later, too many Americans lack sufficient savings to supplement their Social Security income in retirement. But now, for the first time in decades, Congress has the opportunity to take action on meaningful reforms that could help more Americans have a financially secure retirement by improving the private retirement system. Lawmakers in the House of Representatives Thursday overwhelmingly approved the Setting Every Community Up for Enhancement (SECURE) Act Enhancement and Savings Act First, the coverage gap: Not enough Americans have access to a workplace retirement plan. Barely half ( 51% To ensure more people have reliable access to such plans, the SECURE Act involves provisions that encourage more employers to provide retirement savings plans, particularly for the nation’s
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