WHAT IS THE SECURE ACT AND 9 WAYS IT WILL ACTUALLY BOOST YOUR RETIREMENT

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What is the SECURE Act?

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SECURE stands for Setting Every Community Up for Retirement Enhancement.

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

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

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As per the SECURE Act, employees who have worked at least 500 hours per year for at least three consecutive years are eligible for 401(k) plans

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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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WHAT IS THE SECURE ACT AND 9 WAYS IT WILL ACTUALLY BOOST YOUR RETIREMENT

What is the SECURE Act?

SECURE stands for Setting Every Community Up for Retirement Enhancement.

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

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

Small Business Retirement Plans

As per the SECURE Act, employees who have worked at least 500 hours per year for at least three consecutive years are eligible for 401(k) plans

401(k) for Part time workers

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

Student Loan repayment

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