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Congress May Soon Change Retirement Rules

South Carolina Business Review logo

Planning for a financially secure retirement may require some changes if a new bill that recently passed the House of Representatives becomes law.  The Setting Every Community Up for Retirement Enhancement or SECURE Act passed the House on May 23rd and our next guest says it would be the first meaningful change in retirement rules in over ten years if the House and Senate can reconcile the differences in their two bills.

Mike Switzer interviews Jeff Wildes, a certified financial planner in Andrews, SC.

After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.