By 2022’s close, SECURE 2.0 had been formally enacted as law. These laws will affect retirement savings for workers of all ages. The second edition of the SECURE Act (Setting Every Community Up for Retirement Enhancement) aims to build on the successes of the first. Find out more about SECURE 2.0’s impact on retirement planning.
Tag: Secure 2.0
Secure 2.0 Provides A Limited Federal Match On Contributions Made By Lower-Income Retirement Savings
There may soon be a new incentive for low- and middle-income folks to save for retirement. Under a provision in a legislative plan known as “Secure 2.0” — which is part of an omnibus appropriations package that passed the Senate on Thursday and awaiting a vote in the House — a retirement “saver’s match” would be introduced, thereby altering how a current tax credit operates.