SECURE 2.0: What to Expect in 2024

 

Regardless of the uncertainties of the economy, the SECURE 2.0 Act of 2022 offers new avenues for financial stability and security. This landmark legislation, an extension of the SECURE Act of 2019, introduces over a hundred provisions designed to bolster American workers’ economic well-being. In a climate where an alarming 60% of the workforce is grappling with living paycheck to paycheck, the SECURE 2.0 Act’s role in reshaping retirement savings and financial planning is both timely and critical.

How does the SECURE 2.0 Act reshape the financial benefits landscape for employers and employees, and what does it mean for future financial security in the workplace?

Welcome to SECURE, presented by FinFit. In this episode, host Charles Lattimer, Chief Innovation and Growth Officer at FinFit, breaks down some of the intricacies of the SECURE 2.0 Act. As a financial expert and seasoned professional, Lattimer provides essential insights into how this groundbreaking legislation impacts employers and employees. He offers a comprehensive breakdown of the Act’s provisions and their implications for the modern workforce.

Main Points include the following:

  • Overview of the SECURE 2.0 Act: Key features, focusing on how it expands financial wellness beyond retirement savings to include emergency savings and more flexible 401(k) plans
  • Implications for Employers and Employees: The discussion highlights the Act’s impact on employer-offered financial benefits and the importance of tailoring these benefits to individual employee needs
  • Practical Applications and Choices: Lattimer provides a relatable scenario for employees earning under $150k, detailing how they can benefit from the Act’s provisions, including Roth contributions, automatic enrollment, and flexible withdrawal options.

Recent Episodes

In the very first episode of PQ: Conversations That Build Equity, host Jason Winningham , the CEO and Founder of Professional Quotient, shares his inspiring journey, applauding the transformative power of ‘Professional Quotient’ or PQ. This podcast series aims to explore the concept of PQ, defined as a sum of one’s professional equity, encompassing…

Welcome to an electrifying episode of the Undisputed Podcast, where host Ty Bledsoe sits down with Victoria Neave, trailblazing former Texas State Representative (District 107) and Partner at Neave Law. After eight years of legislative leadership, Neave shares her journey from immigrant daughter to powerhouse attorney and politician, revealing the mindset shifts that transformed…

As dementia diagnoses rise at an alarming rate, affecting 57 million people worldwide, healthcare providers face the challenge of offering compassionate, cost-effective support at scale. A new program from CMMI, GUIDE (Guiding an Improved Dementia Experience), aims to tackle this head-on, allowing organizations to bring next-generation dementia care models to traditional Medicare populations. With…