The SECURE Act became law at the beginning of 2020 and created some significant differences in how people should plan for retirement. And while it’s not law yet, there’s a SECURE Act 2.0 on the horizon that could very likely become law before the end of the year.
Let’s talk about some of the provisions and why they could be important.
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[1:18] – Required minimum distribution age changes
[2:40] – Employers could potentially auto-enroll employees into a 401(k)
[3:35] – Catch up contributions could increase
[4:20] – Matching funds on student loan payoffs
[5:05] – It will allow you to find 401(k) funds more easily