Donald Trump

Missing required 401(k) minimum distributions are subject to a penalty equal to half the amount that should have been taken.

Although the current year has been good for participants, many workers are not investing in a retirement plan.

The regulation's enforcement provisions will not take effect until July 1, 2019, the Labor Department said.

The tax plan would make itemized deductions less valuable so some retirees would lose a deduction that covers payments for nursing homes, assisted living or inpatient hospital care.

The department's proposal furthers efforts to undo the controversial regulation.

Nearly two-thirds of future and recent retirees are worried there will be cuts to the program under the Trump administration. And an even greater percentage think that it needs to change.

Some consumer advocates worry that this will negatively affect small businesses and middle- and low-income Americans.

Trying to break a logjam on their proposed legislation, Senate Republicans are working with budget officials to examine the impact of various changes they’re considering.

Republican leaders plan to brief rank-and-file members on the details of their proposal this week, including changes to tax credits and other provisions.

House Republicans mustered just enough votes to pass their health-care bill Thursday, salvaging what at times appeared to be a doomed mission to repeal and partially replace the Affordable Care Act.