Legislation

SECURE Act Signed Into Law: What You Need to Know
Team SummitBudgeting & Debt, Employer Resource Center, Financial Planning, Investment Management, Retirement PlanningComments are off for this post
On December 20th, President Trump signed into law the SECURE Act, the most comprehensive retirement reform package in a decade with wide-ranging impacts for both individuals and employer-sponsored retirement plans. The most impactful provisions are summarized below: 1. The age in which an individual must begin taking Required Minimum Distributions (RMDs) from retirement accounts has  Read More →
The SECURE Act: Legislation to Help Americans Save More for Retirement
Team SummitEmployee Outcomes, Employer Resource Center, Fiduciary GovernanceComments are off for this post
It’s no secret that Americans are not saving enough for retirement. The U.S. Government Accountability Office (GAO) recently reported that 48 percent of households aged 55 and over have no retirement savings. To address this issue, a new retirement-related bill is making its way through Congress, The Setting Every Community Up for Retirement Enhancement (SECURE)  Read More →
President Trump Signs Executive Order Regarding Retirement Savings Plans
Team SummitOur NewsComments are off for this post
On Friday, August 31, President Trump signed an Executive Order directing the Department of Labor (DOL) and the Treasury to review and consider issuing regulations regarding increasing access to workplace retirement savings arrangements. The Executive Order (EO) notes the lack of retirement plan coverage among small employers and cites the cost and administrative burden associated  Read More →

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