New retirement bill has perks for seniors and student loan borrowers


Personal Finance Reporter for CNBC, Greg Iacurci, writes about how a new bipartisan bill would raise the age for required minimum distributions from accounts like 401(k)s and IRAs to from 72 to 75. It would also let workers repaying student loans to get a company 401(k) match even if they’re not saving in their workplace plan.

“The bill, dubbed the Securing a Strong Retirement Act of 2020, would also let businesses pay a 401(k) match to workers paying off student loans, even if those borrowers aren’t saving in the company retirement plan.