THE SECURE ACT 2.0: What Plan Sponsors Need to Know

The SECURE 2.0 Act of 2022 seeks to increase retirement savings and expand coverage to employer sponsored retirement plans. New provisions such as mandatory automatic enrollment, higher catch-up contributions for older workers, and part-time worker 401(k) eligibility are intended to support higher plan participation, address longevity risks, and improve retirement readiness among Americans.

I Want a Hamburger… No a Cheeseburger.

It frustrates me that we don’t do more in this country to prepare our children for the financial world they’ll be thrust into.  It isn’t about trying to get rich.  It’s about understanding concepts, making good decisions (and understanding how bad ones can affect you), valuing a dollar earned, recognizing that time is your most valuable asset and that “rainy days” happen.