As workers and small businesses continue to recover from the financial impacts of the COVID-19 pandemic and market volatility, it is critical that public policy recognizes the challenges working Americans face in building retirement savings while balancing short-term needs.
Congress has the opportunity to pass landmark bipartisan retirement legislation this year to address these needs. This comprehensive framework, often referred to as SECURE 2.0, would create new incentives for small businesses across the country and help American workers save more effectively for retirement.
Key barriers to retirement savings addressed by SECURE 2.0 include:
With Members of both parties working together to find bipartisan solutions to the retirement and savings challenges created by increased longevity, the pandemic, and market fluctuations, the time is now to capitalize on these efforts and empower employers and employees to address the retirement savings gap by passing SECURE 2.0 this year. We congratulate the Members for their work and ask that this not be an opportunity lost; hardworking Americans deserve better.
Investing involves risk including the risk of loss of principal.
None of State Street Global Advisors or its affiliates (“SSGA”) are acting in a fiduciary capacity in connection with the provision of the information contained herein. SSGA’s role as a fiduciary with respect to the products and services described herein commences once SSGA has been retained to act in a fiduciary capacity pursuant to a written agreement and receipt of a fee. Prior to such time, SSGA is not undertaking to provide impartial investment advice or to give advice in a fiduciary capacity in connection with the sale or distribution of the products or services described herein. SSGA has a financial interest in the sale of our investment products and services.
The information provided does not constitute investment advice and it should not be relied on as such. It should not be considered a solicitation to buy or an offer to sell a security. It does not take into account any investor’s particular investment objectives, strategies, tax status or investment horizon. You should consult your tax and financial advisor.
All material has been obtained from sources believed to be reliable. There is no representation or warranty as to the accuracy of the information and State Street shall have no liability for decisions based on such information.
The whole or any part of this work may not be reproduced, copied or transmitted or any of its contents disclosed to third parties without SSGA’s express written consent.
State Street Global Advisors One Iron Street, Boston MA 02210. T: +1 617 786 3000.
© 2022 State Street Corporation. All Rights Reserved.
Exp: November 30, 2023