A ‘Retirement Savings Time Bomb’: Americans Had a Deal with the Taxman—Then Congress Broke That Promise

We all had a deal with the taxman, and Congress just reneged. Why? Because, as usual, the government needed money. When Congress passed the SECURE Act on Dec. 20, 2019, we lost out on the three-part deal that many retirees and their beneficiaries had been banking on, literally.