In Episode 31 of 'It's About Your Paycheck,' we dive into the Secure 2.0 Act, exploring its key amendments designed to better 401k plans for employees. Join us as we break down the act's new provisions including changes to RMDs, catch-up contributions, Roth options, automatic enrollment, emergency savings accounts, and more. Our hosts also discuss pressing retirement concerns highlighted by a recent AARP survey, and whether government or companies should force Americans to save for retirement. Don't miss out on this informative session about securing your financial future!
00:00 Introduction and Episode Overview 00:59 Hosts Catching Up 02:47 Retirement Savings Statistics 08:01 Remote Work Debate 15:17 Sponsor Message and TimeTrakGO 17:42 Introduction to Secure 2.0 Act 19:47 Understanding Retirement Savings Delays 21:21 Catch-Up Contributions Explained 22:30 Roth Options and Employer Matching 26:05 Qualified Charitable Distributions 26:42 Annuities and Longevity Premiums 27:16 Automatic Enrollment and Portability 29:50 Emergency Savings and Student Loan Assistance 30:40 529 Plan Rollovers and Final Thoughts