New retirement rules could make it easier for Americans to accumulate retirement savings — and less costly to withdraw them — if lawmakers pass a retirement reform package before the end of the month. The House already passed its own version of retirement plan rule changes, and two key Senate committees passed their own versions. Since the summer, lawmakers have been trying to stitch the three bills together into one large package known as Secure 2.0.
Help employees build and access emergency savings Normally if you tap your 401 before age 59-1/2, you must not only pay taxes on that money, but also pay a 10% early-withdrawal penalty. For employees who are dissuaded from saving money in a tax-deferred retirement plan because they are concerned it would be too complicated and costly to access it for emergencies, Secure 2.0 may include one or two options to assuage that fear.
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:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business groups optimistic Congress may finally strike immigration dealSome industry lobbyists see a Sinema-Tillis bill as their last best hope to get a deal done on immigration in an increasingly narrow time frame. 👀👀👀 Sure, more amnesty. That’ll definitely fix the border. Build. More. Prisons. You’re gonna need em.
Source: NBCNews - 🏆 10. / 86 Read more »
Business groups optimistic Congress may finally strike immigration dealSome of the largest business groups in Washington are making a last-ditch effort to get Congress to pass immigration legislation before the end of the year and are optimistic a bipartisan agreement could fall into place.
Source: YahooNews - 🏆 380. / 59 Read more »
NFL Week 14 preview: Playoff seedings on the line as season enters business end | CNNIt’s the time of year when the temperature drops, the big coats get brought out of the closet and the NFL action begins to have some real implications riding on it. MahanSadrat has been sentenced to death by the cruel regime just for protesting. He is in his early 20s.Where are human rights activists? Where is the world? SayTheirNames MahsaAmini It’s about time 😅
Source: CNN - 🏆 4. / 95 Read more »
What goes up... is starting to come down | CNN BusinessIt's too soon to declare victory over inflation, but from gas to chicken to big-screen TVs, there are, increasingly, signs that inflation's grip on American pocketbooks may be loosening. THANK YOU BIDEN AND DEMOCRATS!! So you mean Americans are just getting used to higher prices? Inflation isn't happening, corporate greed is Did the FBI or DHS encourage you to write this article?
Source: CNN - 🏆 4. / 95 Read more »
Yellen sees her signature printed on US bills for the first time | CNN BusinessUS Treasury Secretary Janet Yellen traveled to Texas Thursday to mark an important and historic milestone, touring the Fort Worth Bureau of Engraving and Printing facility to observe firsthand the printing of $1 and $5 bills with her signature for the first time. Janet Yellen is not American. She is globalist. It’s sad that this is what they care about most. You’d think inflation and recession would be a higher news priority than a signature on bank notes. “Inflation is transitory”?
Source: CNN - 🏆 4. / 95 Read more »