US Lawmakers Propose New Retirement Savings Boosts for Family Caregivers

4 articles · Updated · CNBC · Apr 20

Bipartisan bills have been introduced in Congress to improve retirement savings options for unpaid family caregivers.
The proposals would ease Roth IRA contribution rules and allow caregivers of any age to make catch-up contributions to retirement plans.
Lawmakers aim to address financial strains on caregivers, who often reduce work hours or leave jobs, impacting their long-term financial security.

Since Medicaid can already pay family caregivers, are new retirement laws the best solution?

Could helping family caregivers save for retirement hurt wages for professional health aides?

Beyond money, how will policy address the immense physical and mental toll on caregivers?

As America debates caregiver aid, what lessons can be learned from policies abroad?

How will caregivers prove 500 hours of unpaid work to unlock new IRA benefits?

What are the hidden administrative costs for businesses implementing these new 401(k) rules?