Loeffler Introduce Bill Allowing Catch-Up Contributions for Retirement Accounts

Sens. Cruz, Tillis, Perdue, Loeffler Introduce Bill Allowing Catch-Up Contributions for Retirement Accounts

WASHINGTON, D.C. – U.S. Sens. Ted Cruz (R-Texas), Thom Tillis (R-N.C.), David Perdue (R-Ga.), and Kelly Loeffler (R-Ga.) today introduced the Addressing Missed-savings Opportunities for Retirement due to an Epidemic Act (AMORE Act), legislation that would allow individuals facing financial challenges and who are unable to make contributions to their tax-advantaged retirement accounts in 2020 to make “catch-up” contributions to these accounts in the coming years. Specifically, the AMORE Act would allow individuals to compare their actual contributions to retirement accounts […]