The Securing a Strong Retirement Act of 2021 (also known as the “SECURE Act 2.0”) was passed by the House Ways and Means Committee last May. The bill’s provisions included automatic enrollment of workers in employer-sponsored savings plans and raising the age at which Required Minimum Distributions (RMDs) would have to be taken, as well as a host of others.
With the White House focusing on the Build Back Better proposal, the bill was tabled last year before it could be voted on by the House of Representatives. Now, however, it appears that Democrats may be circling back to this bill in 2022. This Barron’s article explains the key provisions of the SECURE Act 2.0 and what they could mean for you.
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