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

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SECURE stands for Setting Every Community Up for Retirement Enhancement.

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401(k) for Part time workers Part-time workers need to save for retirement too. With the gig economy picking up; a lot of individuals chose to work part-time.

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

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Graduate students and care providers can save earlier

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Graduate and post-doctoral students often receive stipends or similar payments that aren’t treated as compensation under the current law.

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No age restrictions on IRA contributions

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Given that individuals are working longer; and many do not have sufficient money saved for retirement this is a net positive. It should help people shelter more of their earned income from taxes.

The SECURE Act eliminates the employer’s liability when including annuities in retirement plans.

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

SECURE stands for Setting Every Community Up for Retirement Enhancement.

401(k) for Part time workers Part-time workers need to save for retirement too. With the gig economy picking up; a lot of individuals chose to work part-time.

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

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

Penalty free withdrawal for New parents

Graduate students and care providers can save earlier

Graduate and post-doctoral students often receive stipends or similar payments that aren’t treated as compensation under the current law.

No age restrictions on IRA contributions

Given that individuals are working longer; and many do not have sufficient money saved for retirement this is a net positive. It should help people shelter more of their earned income from taxes.

The SECURE Act eliminates the employer’s liability when including annuities in retirement plans.

Swipe Up to learn What Is The SECURE Act And 9 Ways It Will Actually Boost Your Retirement

Swipe Up to learn What Is The SECURE Act And 9 Ways It Will Actually Boost Your Retirement

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