Big changes are set to roll out for retirement plans after the passage of key provisions collectively known as “Secure 2.0.”
New rules on 401(k) contributions, tax credits and other retirement-related benefits were tucked into a much larger 4,100-page, $1.7 trillion spending bill Congress and President Joe Biden approved Dec. 23.
One change — increasing the required minimum distribution age from 72 to 73 — goes into effect Jan. 1. Others won’t roll out for a few years.
Here are some of the highlights.
7 Changes That Make Managing Your Retirement Plan Easier 1. Auto Enrollment in Workplace 401(k)
