Secure

Saver’s Match – Expanded from 2027 with contribution from Treasury
Gallery
Saver’s Match – Expanded from 2027 with contribution from Treasury

Individuals

Saver’s Match – Expanded from 2027 with contribution from Treasury

Back in 2022, the Secure Act 2.0 was passed and made numerous changes in retirement plans and individual retirement plans, included in the over 90 provisions, there was a Saver's credit to be applicable from 2027. The interesting part about this provision is that from 2027, "... by making annual contributions of up to $2,000

By Victor Garrido, CPA, EA|2024-11-12T16:54:29+00:00November 25th, 2024|Categories: Individuals|Tags: Act. 2.0, expanded, expansion, match, out, phase, savers, Secure, treasury|

More States implementing required retirement programs for small businesses: Latest one Retire Ready NJ
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More States implementing required retirement programs for small businesses: Latest one Retire Ready NJ

Business, Individuals

More States implementing required retirement programs for small businesses: Latest one Retire Ready NJ

As the Social Security Board of Trustees (Federal government) estimates that from 2035, the payments of scheduled benefits might be reduced to around 75% (unless there is a reform to increase the fund assets), more and more States are requiring small businesses to join State programs offering retirement options to their employees, if not already

By Victor Garrido, CPA, EA|2024-08-26T18:22:34+00:00August 19th, 2024|Categories: Business, Individuals|Tags: CA, CalSavers, Choice, employee, employer, Keystone, nj, ny, pa, Plan, Program, ready, Retire, retirement, Saves, savings, Secure|

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