SECURE 2.0 Act
Saving for retirement has always been an issue for Americans. According to the 2022 Retirement Confidence Survey, about 19% of American workers have less than a $1,000 in savings and investments. One often cited reason for this has been the lack of retirement plan options. Financial professionals and many lawmakers have reasoned that if we simply give employees more opportunities to save, then they naturally will. Out of this logic SECURE 2.0 was passed. The media has largely framed it as a positive for employees, because it will allow them to save more for retirement. A huge win.
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