In recent years, we have seen press reports about Americans being unprepared for retirement with too little savings to provide a lifestyle during retirement similar to their pre-retirement standards of living. The long-term benefits of the Tax Cuts and Jobs Act, which will continue to be felt throughout the years ahead, are setting the stage for improved retirement savings opportunities.
Preparing for retirement years is often difficult, especially when paychecks have to cover mortgages, rent, car payments, food, utilities, gas, college and other important obligations. Even unexpected medical expenses or car repairs can become a major hurdle in well thought out retirement strategies.
The Tax Cuts and Jobs Act, which
Retirement portfolios are improving, even before the benefits of tax rate reductions and simplifications take full effect, not to mention the wage and bonus increases
A growing number of
I also strongly support enactment of S. 2526, the Retirement Enhancement and Savings Act. This bipartisan legislation introduced by the Chairman and Ranking Member of the
While I fully understand preparing for the future is hard and vital,