What to know about the Secure Act 2.0
Just the Answer
The new SECURE ACT 2.0 spent over a TRILLION dollars of our taxpayer money trying to give us more ways to save for retirement. As a reminder, SECURE stands for "Setting Every Community Up for Retirement Enhancement". Whether it is the new RMD age, 529 plan rollovers to ROTH IRA's, new ROTH options to receive your employer contributions, auto-enrollment, or other new benefits...I am happy to share in this podcast my Top 7 picks for the rules that make the biggest impact on our retirement savings from SECURE ACT 2.0!
At a minimum, the new auto-enrollment feature for retirement plans means that almost everyone with a job will have a retirement account very soon. How are you going to manage that money? How much you have in your retirement account is certainly related to how much you invest, but it's also related to HOW you chose to invest. Make sure that you are making the right choices for your retirement savings.