A nice summary of the House Bill which has a promising rod to approval:
The House bill
, passed by an overwhelming House majority and expected to be taken up by the Senate before it heads to President Trumpís desk, would encourage 401(k)-type plans to offer annuities, a type of insurance contract that guarantees a monthly income stream as long as a retiree lives. It also would repeal the age cap for contributing to traditional individual retirement accounts, currently 70Ĺ, and would increase the age at which savers must start taking withdrawals from 401(k)s and IRAs to 72 from 70Ĺ.
Additional features benefit part-time workers, parents, home-care workers and employees at small businesses.