The U.S. debt ceiling has been all the chatter in headlines lately. With news outlets leveraging every political angle of the $31.4 trillion (about $97,000 per person in the US) debt story, we have heard countless warnings of a fiscal crisis on the horizon if left unresolved.
Government
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On Friday, December 20th, 2019, the Setting Every Community Up for Retirement Enhancement Act, aka the “SECURE Act," was passed into law by Congress, tied to crucial legislation needed to keep the government funded and open. It was the most impactful piece of retirement legislation passed in the last ten years, and the implications of the Act are just now being parsed, interpreted, and understood by the financial services industry.