From WSJopinion: Widely expected to pass the Senate, the Secure Act would upend 20 years of retirement planning and stick it to the middle class, writes Philip DeMuth
Like grave robbers opening King Tut’s tomb, Congress can’t wait to get its hands on America’s retirement-account assets. The House passed the Setting Every Community Up for Retirement Enhancement Act, known by the acronym Secure, in May. The vote was 417-3.
The Secure Act is widely expected to pass the Senate by unanimous consent. While ostensibly helping Americans save for retirement, the bill would actually reduce the value of all retirement savings plans: individual retirement accounts, 401s, Roth IRAs, the works.
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