5 Huge Retirement Account Changes Coming in 2024
The SECURE 2.0 Act was passed at the end of 2022, but a lot of its provisions still haven't gone into effect. That changes in a few weeks, though, when five huge retirement rule changes become law. Below, we'll take a closer look at what they are and how they could affect you.
Under the new law, employers will have the option to make matching contributions to employees' 401(k)s if that employee makes qualifying student loan payments during the year. A qualifying payment is defined as any indebtedness the employee incurred solely to pay higher education expenses. Employers are not required to offer this perk, but it could be a useful tool to help companies attract top talent while allowing cash-strapped employees to save for their futures.
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Source Fool.com
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