SECURE Act 2.0 of 2022: New Retirement Savings Provisions in New Omnibus Spending Bill (December 20, 2022)

This Tuesday, the Senate Appropriations Committee released the text of the latest omnibus spending bill which includes various new provisions for increasing retirement savings. New provisions include a new federal matching contribution of up to $1000 per person, expand required enrollment in IRA plans by employers, and changes to withdrawals in certain cases.

See SECURE Act 2.0 of 2022 Summary

See also New Spending Bill Makes It Easier for Americans Saving for Retirement

Posted by Benjamin Sapozhnikov, Associate Editor, Wealth Strategies Journal.

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