Tag Archives: retirement

The EARN Act is a giveaway to the rich

Last Wednesday, all 28 members of the Senate Finance Committee voted unanimously to advance The Enhancing American Retirement Now (EARN) Act. This is the Senate version of the retirement savings bill, SECURE 2.0, that the House voted to pass back in March. For decades now, lawmakers from both parties have proudly joined forces to pass retirement savings legislation that ostensibly makes it easier for workers to save for … Continue reading The EARN Act is a giveaway to the rich »

Secure Act 2.0: Further Bastardization of Good Legislation to Benefit the Rich

In its original form, the Employee Retirement Income Security Act of 1974 (ERISA) and its offshoots, including individual retirement accounts (IRAs), was an extraordinary piece of legislation. It created vehicles for workers not covered by pensions to save for retirement on a tax-advantaged basis. They could establish an IRA simply by filling a form.  Unfortunately, over the years, ERISA’s were hijacked by Wall Street. What … Continue reading Secure Act 2.0: Further Bastardization of Good Legislation to Benefit the Rich »