Showing posts with label workplace retirement plans. Show all posts
Showing posts with label workplace retirement plans. Show all posts

Thursday, December 29, 2022

Workers and retirees are getting some year-end goodies from Washington — and more could be on the way

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

Secure 2.0, workplace retirement plans,