Skip to main content

Secure Act 2.0 EXPLAINED | Common Cents


Craig Bolanos, CEO and Wealth Advisor at Wealth Management Group investwithwmg.com @InvestWithWMG Watch on TV! Click businessfirstam.com to find out where! Don't forget to Subscribe, Like and Share our channel - never miss an update!...(read more)


LEARN MORE ABOUT: IRA Accounts
CONVERTING IRA TO GOLD: Gold IRA Account
CONVERTING IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
The Secure Act 2.0 is a new piece of legislation that has been proposed by the United States Congress. It is designed to help Americans save for retirement and strengthen the nation’s retirement system. The Secure Act 2.0 is a bi-partisan bill that was introduced in the House of Representatives on October 3, 2019. The Secure Act 2.0 seeks to improve retirement security for Americans by expanding access to retirement savings plans, encouraging people to save more for retirement, and providing incentives for employers to offer retirement plans to their employees. It also aims to make retirement savings more secure by increasing the lifetime income options available to retirees. The Secure Act 2.0 includes several provisions that can help Americans save for retirement. One of the most significant provisions is the expansion of the “automatic enrollment” option for 401(k) plans. This means that employers can automatically enroll their employees in their 401(k) plans, unless the employee opts out. This will make it easier for employees to start saving for retirement and help them build a nest egg for their future. The Secure Act 2.0 also includes provisions that will make it easier for small businesses to offer retirement plans to their employees. It will expand access to multiple employer plans, which allow small businesses to band together to offer retirement plans to their employees. This will make it easier for small businesses to offer retirement plans to their employees and help them save for retirement. The Secure Act 2.0 also seeks to make retirement savings more secure by increasing the lifetime income options available to retirees. It will allow retirees to convert their traditional IRA or 401(k) into annuities, which provide a steady stream of income for life. This will help retirees to have more secure retirement income and will help them to have a more financially secure retirement. The Secure Act 2.0 is an important piece of legislation that will help Americans save for retirement and provide more secure retirement income. It is a bi-partisan bill that has the support of both Democrats and Republicans in Congress. If passed, it will make it easier for Americans to save for retirement and help them build a nest egg for their future. https://inflationprotection.org/secure-act-2-0-explained-common-cents/?feed_id=71751&_unique_id=63f148cee41b6 #Inflation #Retirement #GoldIRA #Wealth #Investing #AM #Angela #AngieMiles #BFAM #board #business #CBOE #Chicago #economy #exchange #first #invest #market #Miles #Options #stock #traders #video #SimpleIRA #AM #Angela #AngieMiles #BFAM #board #business #CBOE #Chicago #economy #exchange #first #invest #market #Miles #Options #stock #traders #video
Labels:

Comments

Post a Comment

Popular posts from this blog

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their
Post a Comment
Read more

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'
Post a Comment
Read more