Retirement Investors Get Another Boost from Washington

Amid the 1,650-page, $1.7 trillion omnibus spending legislation passed by Congress last week and expected to be signed by President Biden were several provisions affecting work-sponsored retirement plans and, to a lesser degree, IRAs. Dubbed the SECURE 2.0 Act of 2022 after the similarly sweeping Setting Every Community Up for Retirement Enhancement Act passed in 2019, the legislation is designed to improve the current and future state of retiree income in the United States.

What Does the Legislation Do?

The following attachment is a brief summary of some of the most notable initiatives. All provisions take effect in 2024 unless otherwise noted.

Have some news you want to share with the Indy Chamber organization?

Login to Submit Your News

Submit

Member Stories

Eskenazi Health Wins Three Categories and Takes Top Honor at Indy Chamber’s Monumental Awards

Groundbreaking healthcare project recognized for its impact on community revitalization and innovative care solutions. Ind. (Oct. 3, 2024)— arcDESIGN took home the highest honor of the Monumental Award for its... read more

HENDRICKS LIVE! IN PLAINFIELD ANNOUNCES FOUR NEW CONCERTS FOR APRIL AND MAY ‘24

PLAINFIELD, IN – February 28, 2024 – Hendricks Live! is continuing to roll out plans, preview concerts, and community events for the brand-new performing arts center that is set to... read more