Editor’s Note: This an update of a story that originally published on December 8, 2022. — if lawmakers pass a major spending package this week. The retirement savings provisions – known as Secure 2.0 – were drawn from a House-passed bill and bills that were passed by two Senate committees. “[SECURE 2.
For employees who are dissuaded from saving money in a tax-deferred retirement plan because they are concerned it would be too complicated and costly to access it for emergencies, Secure 2.0 may assuage that fear: It would let employees make a penalty-free withdrawal of up to $1,000 a year for emergencies. While employees would still owe income tax on that withdrawal in the year it’s made, they could get that tax refunded if they repay the withdrawal within three years.
These don't do shit, why not let older workers withdraw 401 tax free if they use money to pay off house!! That would help in so many ways. These proposals are a joke.
Is the owner of CNN Amroman or Amroscandinavian?
What savings. 401k is down. Make cheaper? So they can spend their $$$ because the economy sucks!!good plan joe!then people won’t have any retirement and depend on the government. Wtf
Ahead of dismantling Social Security?
lol
Good, the government needs to step back and let people be.
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About GD time. The current rules are ridiculous.
are old people a burden on society?