On Friday, Mar. 29, a bipartisan group of lawmakers from the House Ways & Means Committee introduced the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019. This legislation is intended to make it easier for annuities to be offered in 401(k) and 403(b) plans and raises the age for taking required minimum distributions from 70½ to 72.

NAFA sent a letter to Chairman Neal, Ranking Member Brady, Congressman Kind and Congressman Kelly indicating the association’s support for this commonsense retirement policy and encouraging swift passage in the near future.

Today, the SECURE Act was unanimously approved in a vote by the House Ways & Means Committee. The legislation’s proposed changes would be the most significant to retirement plans since 2006.