ABSTRACT

SECURE Act and the Retirement Enhancement and Savings Act Tax Proposals (H.R. 1994 and S. 972) [Updated May 24, 2019]   [open pdf - 387KB]

From the Document: "The SECURE Act [Setting Every Community Up for Retirement Enhancement] has four parts: provisions that expand benefits for retirement savings, administrative improvements, certain other benefits, and revenue provisions. Provisions apply both to employer plans (in which employers set up either defined benefit or defined contribution plans for their employees) and individual retirement accounts (IRAs). IRAs include traditional accounts in which contributions are deducted and withdrawals taxed and Roth IRAs that simply exclude earnings from taxation."

Report Number:
CRS In Focus, IF11174
Author:
Publisher:
Date:
2019-05-24
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
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