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New Retirement Provisions in Federal Spending Bill

December 29, 2022 by Jeff Lewis

There are new retirement-related provisions in the $1.7 trillion 2023 federal spending bill. That’s according to CNBC. Known as “Secure 2.0,” the new rules would improve the retirement system implemented under the 2019 Secure Act. The changes include giving part-time workers better access to retirement benefits and increasing the age when required minimum distributions would start. WRCR market analyst Ken Mahoney of Mahoney Asset Management in Chestnut Ridge says the changes are a good idea…

Secure 2.0 passed the House and Senate last week and was signed by the president on Friday.

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