New retirement bill has perks for seniors, student loan borrowers

  • 📰 CNBC
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

A House bill proposed Tuesday would raise the age for required minimum distributions to 75 and let workers repaying student loans get a 401(k) match even if they're not saving in a workplace plan.

A new, bipartisan bill would raise the age for required minimum distributions from accounts like 401s and IRAs to 75, from 72.

It would also let workers repaying student loans to get a company 401 match even if they're not saving in their workplace plan. The Securing a Strong Retirement Act of 2020 was proposed Tuesday by Rep. Richard Neal, D-Mass., and Rep. Kevin Brady, R-Texas.A new bipartisan retirement bill has perks for seniors and savers shouldering student debt., proposed by House lawmakers on Tuesday, would raise the age at which seniors must start drawing money from their 401 plans and individual retirement accounts to 75.

, would also let businesses pay a 401 match to workers paying off student loans, even if those borrowers aren't saving in the company retirement plan.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Perks to dig deeper into debt! There should hearing about the lack of student loan forgiveness Election2020 WednesdayMotivation

Big drops right ahead of an election are quite rare. In fact, only twice did the SP 500 fall 3% or more within 6 trading sessions of the presidential election. 1932 and 2008. The incumbent party lost both times.

7% GDP growth for the quarter....... Best ever.....

Its not a surprise but it was a problem,thanks to the bill its gonna be acceptable by law,please.🤓🤓🤓🤓💖💝🛫😀

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Brazil sees 15,726 new coronavirus cases, 263 new deaths: health ministerBrazil registered 15,726 new cases of coronavirus and 263 new COVID-19 deaths, the health ministry said on Monday. Poor Brazilians, they died of the ignorance of their own president. Congrats, Brazil! Still about 80,000 less than United States! Not bad compared to euros
Source: Reuters - 🏆 2. / 97 Read more »

L.A. County Coronavirus Report: 4 New Deaths, 830 New COVID-19 Cases – UpdateOn Sunday, the Los Angeles County Department of Public Health reported 4 new deaths and 830 new COVID-19 cases in L.A. county As with all numbers reported on the weekend, the data reflects delays over the weekend ➡️
Source: DEADLINE - 🏆 109. / 63 Read more »

Olivia Troye says White House 'never cared' about COVID, Pence's chief of staff joked about masksTroye claims Marc Short joked about wearing masks to prevent COVID-19. He was recently diagnosed with the virus. Who is she, Why do we care about her opinion. queenbodicea The GOP fomented this. They never fought it. Recap:
Source: Newsweek - 🏆 468. / 52 Read more »

Elon Musk sells Gene Wilder's house to Wilder's nephew: Variety - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. So he basically paid himself back
Source: BusinessInsider - 🏆 729. / 51 Read more »

Halloween Was in Full Swing at America's Most Haunted HouseOn a moderately cloudy and brisk night in a cursed land called Washington, DC, two evil specters opened the doors of their large haunted home to try and trap children to toss into their cauldron. Just kidding! Trump and Melania hosted Halloween at the White House, so it was actually much worse than any campfire ghost story you could fathom. This year’s trick-or-treating at the White House was slightly different than prior years, with the Trumps opting out of handing out candy directly to a crowd of young children as they were both infected with covid-19. Instead, the Monster in Chief and his bride held a bit of a Halloween parade, pointing and feigning joy at all of the children ambling by against their will.
Source: Jezebel - 🏆 153. / 63 Read more »

Trump celebrates at White House as Supreme Court nominee confirmedPresident Donald Trump reveled in one of his signature achievements on Monday at a White House ceremony to celebrate U.S. Senate confirmation of his third Supreme Court nominee, Amy Coney Barrett, eight days before the election. Two purported sexual predators swear in the woman... very scary! The United States has the best Supreme Court Justices that Dark money can buy
Source: Reuters - 🏆 2. / 97 Read more »