Murphy Unveils Bipartisan Retirement Bill
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Murphy Unveils Bipartisan Retirement Bill

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Florida Rep. Stephanie Murphy (D), a member of the Ways & Means Committee, took to Twitter this week to highlight bipartisan legislation regarding retirement in the United States.

Commenting that “All Americans should be able to retire with dignity,” the Florida lawmaker added that her bill, introduced with Kansas Rep. Rob Estes (R) would “increase the required minimum distribution age from 72 to 75 – allowing individuals to save for retirement longer.”

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In a statement, Rep. Murphy expressed that “because Americans are living longer, raising the age at which they must begin withdrawing funds from their retirement account from 72 to 75 will help ensure that retired workers are not forced to pull money from their accounts before they need it.”

“It is also true that most Americans don’t have large retirement accounts,” She added, noting that “exempting retired workers with smaller accounts from the mandatory withdrawal rules removes an unnecessary obstacle that prevents them from having greater control over their financial planning and allows their accounts to continue to grow during retirement.”

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Daniel Molina

Daniel Molina was the Opinion Editor of his high school’s newspaper, and he was also Editor-in-Chief of Miami Dade College’s Urbana literary and arts magazine wherein he also won the 2013 FCSAA Best Fiction Story in the State of Florida Award. He’s currently pursuing his Bachelor’s in English Literature. Hobbies in his free time include reading, writing and watching films and basketball.