house Bill H.R. 1994
Should Congress Make Bipartisan Reforms to 401(k) Plans & IRAs to Help Americans Save for Retirement?
Argument in favor
This bipartisan bill would make a number of common sense reforms to make it easier for workers and small businesses to save for retirement and improve enforcement of rules related to retirement plans.
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05/19/2019
You can never save enough if you are a middle/low wage earner. You never have enough to save.
05/23/2019
Plus pay the 2.6 trillion back to Social Security that was stollen.
05/23/2019
I have no objection to the bill but feel it will do the elderly and disabled, the bulk of those retiring in the near future if ever, little to no good. It would be best for them to work on shoring up Social Security and improving healthcare in this country.
Argument opposed
There’s no need to reform laws and regulations related to retirement plans, even on a bipartisan basis. Alternatively, this bill should include more substantial reforms.
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05/19/2019
These are bogus savings methods. You save some of your check, you pay to invest, the admin makes millions with your money, you earn little, usually much less than COLA. And then you get punished for using and not using!
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05/23/2019
No, congress has proven they know nothing about saving or fiscal responsibility. Want to help people save, balance the damn budget, cut spending and taxes.
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05/23/2019
I don’t trust government as far as I can throw any of you. Just leave things alone all you do is screw $hit up. All government is, is one big fk up.
You can never save enough if you are a middle/low wage earner. You never have enough to save.
These are bogus savings methods. You save some of your check, you pay to invest, the admin makes millions with your money, you earn little, usually much less than COLA. And then you get punished for using and not using!
Plus pay the 2.6 trillion back to Social Security that was stollen.
I have no objection to the bill but feel it will do the elderly and disabled, the bulk of those retiring in the near future if ever, little to no good. It would be best for them to work on shoring up Social Security and improving healthcare in this country.
Sure, why not. Especially if the changes stop corporations from using the funds from, or bankrupting a person’s/employee’s retirement savings account.
Better to strengthen labor unions and bring back pensions, but it's a start.
No, congress has proven they know nothing about saving or fiscal responsibility. Want to help people save, balance the damn budget, cut spending and taxes.
I don’t trust government as far as I can throw any of you. Just leave things alone all you do is screw $hit up. All government is, is one big fk up.
IRAs were not, in their original form, intended to replace pensions. They were intended to supplement. Corporations saw an opportunity and took it. Congress allowed it and then allowed unions to be attacked and broken. Congress allowed companies to bankrupt out of pension obligations. A corrupt banking system caused the Great Recession which caused people to lose whom and retirement savings. Congress did little, virtually no one was held accountable, and then what little Congress did was rolled back under Republican control of both houses, leaving Americans once again at risk for losing what they had worked hard to gather. The American worker has seen security, savings, property, and the one tool (unions) that, corrupt as they sometimes were, stood between workers and corporate greed. Anything that protects Americans from that greed, I support. That includes strengthening and protecting unions and collective bargaining rights so the legislatures of states, most of which are controlled by corporate-friendly Republicans, can’t harm them and protecting IRAs and homesteads. In fact, considering income inequality and corporate abuses of employees that result in personal life intrusion and excessive work hours, I think new unions for white collar workers should be formed.
Yes, something obviously needs to be changed if the current model is not functioning the way it was intended. If we can address the root cause of becoming broke and destitute during retirement, then individuals health will increase and many other benefits will result and we can focus on other issues in our societies.
Yes, Clearly Americans need help with retirement plans & savings.
Impeach Trump= making the World a Better place.
Most of the provisions sound reasonable and should benefit those saving for retirement and those already or about to start drawing from it. Although I don’t understand how the emergency volunteers and sharing information with CBP belong in this bill, these points seem off topic.
I don't think it's a good idea to get our lawmakers involved in Americans 401K's or IRA's. The government hasn't done a very good job of managing our tax dollars, so why would I want them trying to help me save??? I fear they'd rob Peter to pay Paul... You know like they did when the stole money from Social Security and haven't paid it back!!!
I like the changes. We are starting a small business and this would help us
Yes, but this will not matter to voters making less than $25.00 per hour.
Proof of a sustainable, livable wage, along with maintaining the current dependent tax deduction is what voters will see evidence of.
It won’t matter to blue wave voters if Trump vetos it, because we know Trump doesn’t care about anything other than himself.
However, Dems will need to have evidence of doing something in the 2018 cycle to help lower and middle class workers between the ages of 25-50 if they want to win the next 2 election cycles.
How about we bring back actual pensions that are successful, so the 401(k) can go back to being the SUPPLEMENT it was intended to be?
The House reforming anything is kinda an oxymoron at this point.
Too many people can't save hardly anything for their retirement. Folks need HELP!!
You need to stop taxing retirements especially IRAs, 401Ks. The investor takes all the risk and you tax it whether it gained or lost.
👍🏻👍🏻 House Bill H.R.1994 AKA the “SECURE Act” 👍🏻👍🏻
I support and recommend the passage the House bill H.R.1994 AKA the “SECURE Act” which would modify the requirements for employer-provided retirement plans including 401(k) plans, individual retirement accounts (IRAs), and other tax-favored savings accounts with the goal of expanding opportunities for Americans to contribute to their retirement.
This bipartisan bill would make a number of common sense reforms to make it easier for workers and small businesses to save for retirement and improve enforcement of rules related to retirement plans.
SneakyPete..... 5*22*19.....