SECURE 2.0 is primarily meant to strengthen Americans' ability to retire by enhancing savings options. For workers, this means automatic enrollment in retirement plans, enhanced matching, and flexibility to use savings for emergencies.
With the CARES Act expiring in January 2022, many will be asked to resume student loan payments - but can they afford to pay?
SECURE Act 2.0 focuses on incentivizing people to save more for retirement. But will it be passed?
Federal student loan payments and collections are set to resume in October 2021. There is a chance that the pause may be extended or a ramp-up plan will be put in place.
The SECURE Act was signed into law on December 20, 2019. Many changes were made that will materially impact retirees,…