At a time when a retirement crisis is looming so badly that even members of Congress agreed to do something about it, they managed to make it even worse.
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In case you missed it, when Congress passed the Secure 2.0 retirement bill at the end of December, the legislators who insisted they were trying to give the middle classes more tax breaks ended up giving us fewer.
They accidentally eliminated a provision that was supposed to let people make extra catch-up contributions to their retirement plans in their early 60s. Instead, the actual law these people passed did the exact opposite: As of next year it will make catch-up contributions impossible.
“According…
