The Social Security Administration has been communicating for over a decade about The Future Financial Status of the Social Security Program; and it does not look good.
Small Business Retirement PlansThe SECURE Act makes it easier for completely unrelated small businesses to join together to provide retirement plans for their employees.
Given the student debt crushing the millennial generation and the high interest cost associated with various student loans; this could makes sense for some individuals.
Penalty free withdrawal for New parents
You still need to pay taxes on the money you withdraw; since your contribution into the retirement plan was tax free.
Graduate students and care providers can save earlier
Under the SECURE Act, amounts paid in pursuit of graduate or post-doctoral study or research (such as a fellowship, stipend, etc) are treated as compensation and eligible for purposes of making IRA contributions.
This will allow affected students to begin saving for retirement sooner. In a similarly manner, payments to foster-care providers are also considered compensation under the SECURE act for meeting the IRA contribution requirements.
The SECURE Act changes the age of initiation for RMDs from 70 ½ to 72. This is a huge benefit not only in terms of tax burden but also allowing additional time for the IRA to grow untouched.