5 Ways the SECURE 2.0 Act Could Completely Change Your Retirement

Saving for retirement has long been a challenge, especially for those with lower incomes and young adults struggling with student loan debt. Several studies have shown that automatic enrollment in 401(k) and 403(b) plans dramatically increases participation. The new law will require businesses to automatically enroll participants in their workplace retirement plans with a contribution rate of at least 3% and not more than 10%, beginning in 2025.