With around 10,000 Baby Boomers turning 65 every day, retirement reform has taken a front seat in the U.S. legislature. In late May 2019, the U.S. House passed (by a near-unanimous vote) the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019, which seeks to overhaul retirement planning the same way the Tax Cuts and Jobs Act of 2017 overhauled U.S. tax laws.
The SECURE Act’s changes can impact plan sponsors of all types and sizes. Learn more about what’s in this Act and how plan sponsors can (and should) prepare for its seemingly likely passage.