Is it possible to outlive your retirement savings?
Many retirees can expect to live more than 30 years after leaving the workforce. Did you know, Congress is having discussions right now to address retirement security.
For example, the SECURE Act of 2019 was signed into law to make it easier for employers to sponsor a retirement plan and increase American’s access to retirement security. The policy allows older workers to contribute more to their IRAs and protects Gold Star families from additional taxation of their survivor benefits.
This was a great starting point for Washington to work together in a bipartisan way on retirement security. We strongly advocate for proposals like the SECURE Act that create more savings choices for employers and workers especially with the risk of outliving retirement.
There are more efforts underway to strengthen financial security for Americans. Sign up to follow along and take action when Congress is ready to vote!