Senate re-introduces retirement bill

Two senators recently reintroduced a retirement bill that may ultimately become part of Secure 2.0, which passed the House in May. The bill, Retirement Security & Savings Act, proposes several changes: allowing 403(b) and 457 plans to participate in multiple employer plans, increasing the minimum age for required minimum distributions to 75, and providing a new tax credit for small businesses to automatically re-enroll plan participants in 401(k) plans.

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