What Is The SECURE Act And 9 Ways It Will Actually Boost Your Retirement

SECURE Act is the biggest retirement system change passed by the US Congress in 13 years.

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Unfortunately, it had to be buried within the government’s spending bill; since nothing gets past the Senate lately.

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SECURE stands for Setting Every Community Up for Retirement Enhancement.

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Small Business Retirement Plans

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401(k) for Part time workers

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The SECURE Act makes a provision for a withdrawal of up to $10,000 from 529 plans to repay student loans.

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Penalty free withdrawal for New parents

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What Is The SECURE Act And 9 Ways It Will Actually Boost Your Retirement

SECURE Act is the biggest retirement system change passed by the US Congress in 13 years.

Unfortunately, it had to be buried within the government’s spending bill; since nothing gets past the Senate lately.

SECURE stands for Setting Every Community Up for Retirement Enhancement.

Small Business Retirement Plans

The new SECURE Act increases the tax credit available for 50% of a small business’s retirement plan start-up costs to $5,000.

401(k) for Part time workers

The SECURE act lets part-time workers become eligible for retirement benefits, depending on how many hours they’ve worked in a given year.

The SECURE Act makes a provision for a withdrawal of up to $10,000 from 529 plans to repay student loans.

Student Loan repayment

Penalty free withdrawal for New parents

New parents, through birth or adoption will be eligible to withdraw $5,000 penalty-free from Retirement plans.

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