The bipartisan bill would allow more small businesses to help with retirement plans, help contribute and pay off loans and let parents use retirement money to help with childcare
A bill that would mark the biggest change to the U. S. retirement system in a decade if passed has just cleared the House. The SECURE Act, which has bipartisan support, would allow more small businesses to help with retirement plans, help contribute and pay off loans and let parents use retirement money to help with childcare.
“For retirees right now, you have to start pulling money out of your account at age 70-and-a-half. This bill would increase that to age 72,” CBS News business analyst Jill Schlesinger told “CBS This Morning.” “It would allow seniors to put more money in their retirement plans.
