America’s staff and retirees are getting some good year-end items from Washington.
As a part of an even bigger invoice to maintain the federal government working, Congress has handed, and President Biden has signed, one thing known as Secure 2.0, which can make it simpler for hundreds of thousands of Americans to stash additional cash into their office retirement plans.
It may also assist center and lower-income staff who could not be capable to save a lot by offering them with a brand new profit that quantities to a financial savings contribution—as much as $1,000 per individual.
Finally, it would make it simpler for part-time staff to enroll in an employer’s retirement plan, by requiring plans to robotically enroll staff until they opt-out.
Read: New catch-up contribution limits might increase your 401(ok)—should you can afford them
This final change is probably important, as a result of there are some 26 million Americans who, for numerous causes, solely work half time. Why ought to retirement plans be…
2022-12-28 06:05:00 Workers and retirees are getting some year-end goodies from Washington
Article from www.marketwatch.com