SECURE Act 2.0: Updates To Retirement Savings for 2024
The SECURE Act 2.0 was signed into law on December 29th, 2022, and the legislation is introducing updates and changes affecting employer-sponsored retirement plans, many of which becoming effective in 2024. These amendments aim to enhance retirement savings opportunities for American workers and offer employers more flexibility in providing retirement benefits. The SECURE Act 2.0 […]
What to Know Before Picking a Retirement Savings Account
When it comes to saving for retirement, there are various tax-advantaged accounts to choose from. Each type of account offers different tax treatments, which can affect how much you pay in taxes both now and in the future. Here’s a breakdown of the three main types of retirement accounts and their tax treatments: Traditional IRA […]
SECURE Act 2.0: Updates to Employer Sponsored Plans
On December 29th, 2022, President Biden signed the SECURE Act 2.0 into law, just six days after the legislation had passed through the United States Congress. The goal of this new bill is to incentivize more employers to offer retirement savings benefits and remove some of the barriers to retirement saving for American workers. In […]
Everything Millennials Should Know About Starting a 401(k)
Saving for retirement is one of the most important things that a millennial can do for their future. Even though retirement is years away, saving should start as early as possible. Early retirement without the worry of money may be ideal, but the truth is it takes hard work and a lot of time. Having […]
Why Open a “my Social Security” Account Online?
The best way for workers to regularly obtain and review their benefit information now is to sign up online through the Social Security Administration directly. Annual updates to your benefit estimates are available for your review approximately three months prior to your birth date.
