What Is The SECURE Act And Ways It Will Actually Boost Your Retirement
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The SECURE Act is the biggest retirement system change passed by the US Congress in 13 years.
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Unfortunately, it had to be buried within the government’s spending bill; since nothing gets past the Senate lately.
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What Is The SECURE Act?
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SECURE stands for Setting Every Community Up for Retirement Enhancement.
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Small Business Retirement Plans
The new SECURE Act increases the tax credit available for 50% of a small business’s retirement plan start-up costs to $5,000.
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401(k) for Part time workers
The SECURE act lets part-time workers become eligible for retirement benefits, depending on how many hours they’ve worked in a given year.
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Student Loan repayment
The SECURE Act makes a provision for a withdrawal of up to $10,000 from 529 plans to repay student loans.
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