Premium Only Content
Secure 2.0 Act and Your 401(k) -- WARNING!
In today’s video, we are discussing the new Secure Act 2.0 and what it means to your 401(k).
✅ Like us on Facebook! https://www.facebook.com/Stop-Being-S...
✅ Check out our site for more tips https://stopbeingsold.com/
The Secure 2.0 expands a bill that was signed into law in late 2019 called the (SECURE) Act, which stands for Setting Every Community Up For Retirement Enhancement.
The House passed on March 29th, 2022, by a vote of 414 to 5, and the Senate is now taking up their version.
If passed, the Secure Act 2.0 would bring these critical changes to your 401(k), including:
Mandatory Auto-enrollment – require employers with a NEW defined contribution plan (think 401k, 403b) to auto enroll new employees at a 3% rate of their pay.
Mandatory Scaling in future years – Auto increase of employee contributions by 1% per year up to between 10 and 15% of their pay.
Auto enroll into the QDIA - (qualified default investment alternative) which is usually a Target Date fund, but this bill also mentions a Managed account.
Increase “catch-up” contributions for those between age 62 and 64 – Normal catchup contributions above 50 are currently $6500, but if you are 62-64 years old, your new catch-up limit is $10,000 starting in 2024.
-
2:10:21
The Culture War with Tim Pool
3 hours agoLeftist TERROR Attack On Coast Guard, Liberals Claim Trump Is A TYRANT | The Culture War DEBATE
115K213 -
23:38
Professor Nez
1 hour ago🚨NO WAY HE RECOVERS! Trump CONFRONTS Aussie Ambassador & Finishes Him Off
12.7K7 -
4:07
Sean Unpaved
2 hours agoFBI Hoops Bust Day 2!, NFL/CFB Week 8-9, & World Series Opener Preview
3.19K -
46:24
Lara Logan
14 hours agoPUTIN’S QUIET DIPLOMAT: Kirill Dmitriev on Peace & War in Ukraine | EP 41 | Going Rogue w Lara Logan
16.7K4 -
12:29
Clintonjaws
17 hours ago $24.15 earnedShane Gillis vs 'The View' - This Is Priceless!
55.2K23 -
1:29:35
Steven Crowder
5 hours agoWhich Way Western Man: Zohran Mamdani & The Great Rice Debate
221K215 -
32:55
The Rubin Report
3 hours agoCrowd Roars for Cuomo’s Blistering Attack on Zohran Mamdani
31.6K68 -
1:27:40
The Mel K Show
3 hours agoMORNINGS WITH MEL K - Slow Rolling Disclosure Becoming Unstoppable Truth Tsunami - 10-24-25
17.9K4 -
LIVE
Major League Fishing
8 days agoLIVE! - Fishing Clash Team Series: Patriot Cup - Day 3
331 watching -
37:24
Tudor Dixon
4 hours agoTed Nugent Sounds Off on Big Government Meddlers | The Tudor Dixon Podcast
13.4K6