The Securing a Strong Retirement Act of 2021, nicknamed the “SECURE (Setting Every Community Up for Retirement Enhancement) Act 2.0,” was passed unanimously by the House Ways and Means Committee, and many expect the bill to pass the full House of Representatives.
While the bill’s measures are well-intentioned, and we welcome all efforts to close our country’s retirement-savings shortfall, one of the SECURE Act 2.0’s provisions could unintentionally cause Americans to wind up with less income for retirement.
