Will 2019 Be the Year?
Midterm elections reconfigured the power structure in Washington. There’s no doubt that the divided Congress may have difficulty passing partisan legislation - but maybe not when it comes to retirement.
Retirement plan legislation is one of the areas that is a priority for both parties, and proposed legislation from the last Congress could spark some potential progress for the new Congress.
Previous retirement proposals have focused on three areas: expanding access to workplace retirement savings plans, requiring universal retirement plan access in the private sector, and encouraging lifetime income options for participants in private sector plans.
Will these proposals come to life and turn the retirement crisis around?
Learn more about the proposed legislation that could potentially make headway in 2019 in 5 Retirement Proposals to Watch in Washington for 401(k) Specialist.
The material in this blog is presented for informational purposes only. Millennium Trust Company performs the duties of a directed custodian, and as such does not sell investments or provide investment, legal or tax advice.