AALU Supports SECURE Act to Help Americans Save for Retirement
Association for Advanced Life Underwriting
Image: allu.org
A thirty-plus year veteran of the insurance industry, Michael Wodchis served as vice president of strategic alliances and business development at Windsor Insurance Associates in Woodland Hills, California. Alongside his everyday work, Michael Wodchis is actively involved in the InsureTech space and continues his professional development through organizations such as the Association for Advanced Life Underwriting (AALU).
In May 2019, AALU publicly supported efforts on Capitol Hill to make retirement savings accessible to more Americans through the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The House passed the bill, which will make it easier for small businesses and other employers to offer 401(k) retirement plans to their employees. The law would also give parents the option of withdrawing as much as $5,000 from 401(k) plans early without penalty to help cover the costs a having a child.
In his comments, AALU president and CEO Mark Caldin said the bill is the first step in ensuring American workers, who currently are not saving enough for retirement, have the opportunity for a more financially secure future. The bill now moves to the U.S. Senate for consideration.
Michael Wodchis 
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