Tag Archives: retirement

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 »