Retirement-Reform Bill Could Slash Taxes

Congress is working on some major revisions to the 2019 law that overhauled retirement tax rules for older Americans – and the changes could mean big savings for your investment portfolio and nest egg.

The House of Representatives passed its new retirement security bill in a 414-5 vote Tuesday.

“The bill provides commonsense, bipartisan solutions which address the obstacles that continue to inhibit saving for and producing income during retirement,” Wayne Chopus, president and CEO of the Insured Retirement Institute, said in a statement.

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