Pensions & Investments

Prospects dim on clear sailing for SECURE Act

By Brian Croce

“There has to be somewhere where (the government is) sort of clawing back the deferment of taxes, and the ability to save for one’s own retirement is a larger American crisis than potentially passing on wealth for longer periods of time for multiple generations,” said Amy Ouellette, New York-based director of retirement services at Betterment for Business, a provider of automated 401(k) services. “There always has to be give and take and I think, based on the focus of this bill, that there is more to gain than there is to lose from that one provision.”

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This article originally published August 19th, 2019 on Pensions & Investments.

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