The House is on track to pass a bill that would change the retirement system, making it easier for employers to offer plans and include annuities as options
The House of Representatives passed legislation that would bring substantial changes to the U.S. retirement system, making it easier for employers to offer plans and include annuities as options for workers.
Backed by a bipartisan group of lawmakers including Rep. Richard Neal , chairman of the House Ways and Means Committee, the House version of the legislation would repeal the age cap for contributing to individual retirement accounts, currently 70½. It would also increase the age to start taking required withdrawals...
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