The Secure Act: Understanding its Importance and Why it Should be on Your Radar

Winnie Sun breaks down changes to businesses with the Secure Act 2.0. With auto-enroll, matching contributions and more, 401(k) plans are about to get a big boost with the Secure Act 2.0. And, your employer can now match your student loan payments to your retirement plan. Small businesses with up to 50 employees can also get a tax credit for setting up a new retirement plan. Don't forget about your emergency savings too. With the Secure Act, employers can help you set up a $2,500 rainy day fund, accessible through your 401(k) with tax and penalty-free withdrawals.