A popular tax break in the form of being able to make so-called “catch-up” contributions to 401(k) retirement savings plans is set to vanish for many higher-earning Americans at the end of this year. Catch-up contributions refer to a provision in 401(k) plans that allows individuals aged 50 and above to contribute extra money to…
Retirement Enhancement Package Moves Out of Committee With Bipartisan Support
The House Ways and Means Committee approved a bipartisan package aimed at strengthening Americans’ retirement security. The package, the Secure Act of 2021, also called Secure 2.0, was co-sponsored by Ways and Means Chairman Richard Neal (D-Mass.) and ranking member Kevin Brady (R-Texas) and includes dozens of provisions that build on a retirement law from 2019. “The retirement crisis…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`