Workers and retirees are getting some year-end goodies from Washington — and more could be on the way
Snippet of Article: "...Secure 2.0, which will make it easier for millions of Americans to stash more cash in their workplace retirement plans. It will also help middle- and lower-income workers who may not be able to save much by providing them with a new benefit that amounts to a savings contribution -- up to $1,000 per person. ...read the fine print. Secure 2.0 automatically enrolls part-time workers in their employer's retirement plan unless they opt out -- but that's only if the retirement plan is new. Existing plans do not have to automatically enroll their workers. Then there is this: Many employers still don't offer retirement plans in the first place, making all of this moot for many workers -- the very ones who need to be saving more for retirement. ..."
Source: www.morningstar.com