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Jordan vs. Argentina—World Cup: Live Score and Match Stats Sports IllustratedLIVE | Argentina faces Jordan in final group stage match at Dallas Stadium FOX 4 News Dallas-Fort WorthWhat happens if Argentina loses World Cup Group J finale to Jordan? USA TodayLionel Messi to start on bench for Argentina group finale ESPNArgentin
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America In Focus: Key inflation gauge surges to 3-year high, mortgage rate climbs AP NewsConsumers are still ‘begrudgingly' spending more money as inflation rises The Washington PostEconomists Lift US Core Inflation Forecasts, See Fed on Hold Bloomberg.comCore inflation rate hit 3.4% in May, highest since October 2023, Fed's preferred gauge shows CNBC
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This post was created in partnership with GroundTruth Younger consumers are changing retail by blending online viral trends with in-store shopping. During an ADWEEK House Cannes Lions panel co-hosted with […]
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Congress is on a bit of a roll these days. Despite deep political divisions within the country, they've managed to send several major bills to the president's desk so far this year addressing semiconductor manufacturing, veterans' benefits, gun safety, climate change, and more. And they might not be done yet. Lawmakers in Washington are currently considering two separate bills that would make substantial changes to how Americans save for and are taxed in retirement. And one of the major areas of focus in these bills is reforming RMDs (i.e., required minimum distributions).
The SECURE Act, which was enacted in 2019, extended the age at which you must start taking RMDs from 70½ to 72. That was a big boost for seniors, who can now keep money in their tax-free retirement accounts longer. But that wasn't enough help for retirees in the eyes of many lawmakers. So, as soon as the ink was dry on the SECURE Act, a few key members of Congress began planning additional legislation to help more people save for retirement and hold on to their money longer in retirement.
Those efforts resulted in two bills that are now before Congress: the SECURE Act 2.0 and the EARN Act. The SECURE Act 2.0 was passed by the House of Representatives in March with a 414 to 5 vote. The EARN Act was introduced in the Senate in September. Both bills would make significant changes to RMDs, but there are differences in the two bills' RMD provisions.
SEE MORE The Basics of Required Minimum Distributions: 12 Things You Must Know About RMDs
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