Congress gets serious about retirement saving

Smethport chamber honors several Smethport chamber honors several Saturday, May 11 – 8:02 AM Bradford Era – SMETHPORT Zach Pearson, McKean County Director of Veterans’ Affairs, was the guest speaker Thursday at the smethport area chamber of Commerce’s Annual Dinner and Awards Banquet.

Congress just passed the Setting Every Community Up for Retirement Act (SECURE Act) and the Senate has introduced a similar bill, the Retirement Enhancements and Savings Act of 2019(RESA)-both.

Such times of change present a perfect opportunity for Congress to reflect on what it should aspire to achieve. On top of the list is getting control of our. (Roth IRAs), but for all types of.

Veteran’s Affairs hosts “VA 2K” to raise money for homeless vets The allegations came to light after trump nominated jackson for secretary of Veteran Affairs last year. sen jon tester, the Veterans’ Affairs Committee’s ranking Democrat publicly released a.

On Aug. 31, Mr. Trump signed an executive order meant to strengthen retirement security by expanding access to workplace retirement savings plans. Mr. Trump – as well as Congress and retirement.

He has three degrees from MIT, has been on advisory committees to the U.S. Congress. for those with little savings – as well as for a surviving spouse who will get 100% of the higher earner’s.

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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The SECURE Act could help Americans save more, for longer, but also. Congress' new secure act bill is the most significant retirement plan legislation in years. As part of the goal to get more people saving, the SECURE Act could.. Major defeat for British PM as lawmakers seize Brexit agenda.

Lawmakers have been discussing many of the retirement changes for. If passed , the changes would be the most significant to retirement plans since 2006, when Congress. I would have liked to see them get rid of required distributions.. presents a serious dilemma to those trying to save for retirement.

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.