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Retirement savings plans could see a significant upgrade at the end of this year as a series of bipartisan measures have gained support in the House and Senate, most notably the Secure 2.0 Act.
The Secure 2.0 Act has a range of reforms to retirement savings products, expanding incentives for consumers to save and giving small businesses more ability to offer retirement plans to employees. Although the bill is one of many that legislators are trying to rush through with little time during a lame duck session, industry insiders point to strong bipartisan support for the measure as a sign that lawmakers will find a way to pass the bill this year.
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