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Chris NichollsHow will President-elect Donald Trump’s policies impact the nation’s retirement readiness? Improving retirement security in America has been one of the things that has had wide bipartisan support recently, and now Republican control of the Presidency, House, and Senate could make passing retirement legislation easier.
As we begin 2025, some of the biggest SECURE 2.0 changes that employers must comply with are scheduled to take effect. One major change is the increase in 401(k) contribution limits, now set to $23,500, up from $23,000. Another offers increased eligibility for long-term, part-time employees.
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