New reporting requirements for digital assets and additional pension smoothing relief are headed for enactment under the bipartisan infrastructure legislation passed by the House of... Read More
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Legislation
BY Ted Godbout | 11/8/2021
The chairman and ranking member of the House Education and Labor Committee have introduced—and plan to act on—bipartisan legislation that shares some overlap with SECURE Act 2.0.
The Retirement... Read More
BY Nevin E. Adams, JD | 11/3/2021
Like a vampire arising from its recent interment, limits on so-called “Mega” Roths and in-plan Roth conversions have reemerged in the latest round of legislative sausage-making.
Just last week... Read More
BY Ted Godbout | 11/1/2021
The House of Representatives approved bipartisan legislation last week that would give the financial industry better tools to address suspected financial exploitation of seniors.
On a Oct.... Read More
BY NAPA Net Staff | 10/28/2021
Lawmakers have continued to strip elements from the Build Back Better Act—and a series of sweeping retirement-related provisions have now all been axed.
While most of the news coverage on what was... Read More
BY Ted Godbout | 10/27/2021
A key House lawmaker has introduced legislation that would increase Social Security benefits for various recipients and make other reforms to the system, including a payroll tax increase. ... Read More
BY Ted Godbout | 10/19/2021
Legislation that would increase Social Security benefits through various reforms to the system, including a payroll tax increase, is set to be reintroduced in the House of Representatives. ... Read More
BY Nevin E. Adams, JD | 10/1/2021
One of the key retirement provisions in the Build Back Better Act (approved by the House Ways & Means Committee on Sept. 15) targets the use of Roth IRAs by high-income individuals and/or those... Read More
BY Nevin E. Adams, JD | 9/27/2021
One of the key retirement provisions in the Build Back Better Act (approved by the House Ways & Means Committee on September 15) targets the use of Roth IRAs by high-income individuals and/or... Read More
BY Ted Godbout | 9/22/2021
Touted as a way to help gig workers, part-time workers and those without access to an employer-sponsored account, legislation has been introduced in both the House and Senate to create universal,... Read More
BY Robert Richter | 9/22/2021
Editor’s Note: The House Ways and Means Committee recently approved funding provisions for the Build Back Better Act of 2021, including several retirement plan provisions (... Read More
BY Robert Richter | 9/22/2021
Editor’s Note: The House Ways and Means Committee recently approved funding provisions for the Build Back Better Act of 2021, including several retirement plan provisions (... Read More
BY Robert Richter | 9/21/2021
Editor’s Note: The House Ways and Means Committee recently approved funding provisions for the Build Back Better Act of 2021, including several retirement plan provisions (starting on page... Read More
BY Ted Godbout | 9/16/2021
Mega-Roth, backdoor IRAs and large retirement account balances would be limited under legislation approved Sept. 15 by the House Ways and Means Committee.
In a near party-line vote of 24-19, the... Read More
BY Ted Godbout | 9/13/2021
The House Ways and Means Committee has revealed that it intends to partially pay for the $3.5 trillion reconciliation bill through a series of limitations on upper-income individuals’ retirement... Read More
BY John Ortman | 9/12/2021
The retirement provisions in the Democrats’ Build Back Better legislation could create the biggest influx of plans and participants in the history of the retirement industry, industry leader Brian... Read More
BY Ted Godbout | 9/10/2021
The House Ways and Means Committee has approved the retirement subtitle of the Build Back Better Act, legislation supported by the American Retirement Association as a way to help close the coverage... Read More
BY Ted Godbout | 9/8/2021
Noting that it would add trillions of dollars in retirement savings and would help close the coverage gap, the American Retirement Association has offered its support for the retirement provisions... Read More
BY Ted Godbout | 9/7/2021
The House Ways and Means Committee this week will consider legislation requiring employers without employer-sponsored retirement plans to automatically enroll their employees in IRAs or 401(k)-type... Read More
BY Ted Godbout | 8/25/2021
While it is still early in the legislative process, passage of the $3.5 trillion budget resolution sets the stage for broader action next month that could include retirement policy changes.
The... Read More
BY Ted Godbout | 8/17/2021
Sens. Todd Young (R-IN) and Cory Booker (D-NJ) have reintroduced several bills to help boost retirement security for individuals and families.
Citing data by the U.S. Department of Labor... Read More
BY Ted Godbout | 8/11/2021
The Senate wrapped up its work for the summer Aug. 10, approving a $1.2 trillion infrastructure bill that extends pension smoothing relief for single-employer plan sponsors, as well as a $3.5... Read More
BY Ted Godbout | 8/6/2021
The chairman of the powerful Senate Finance Committee has introduced legislation to close the carried interest loophole to “ensure hedge fund managers and private equity CEOs pay their fair share in... Read More
BY Nevin E. Adams, JD | 8/3/2021
Some numbers were put in front of the Senate Finance Committee last week—numbers that even the chairman of that powerful body called “jaw-dropping.”
The numbers were 51 million and $6.2 trillion—... Read More
BY Ted Godbout | 8/3/2021
The American Retirement Association has endorsed new bipartisan legislation that would make permanent retirement plan tax relief measures that automatically kick in following a presidentially... Read More
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