Impact of SECURE Act 2.0 and the Changing Retirement Landscape

On this episode of Paychex THRIVE, host Gene Marks is talking with CEO of the American Retirement Association, Brian Graff about the details in the SECURE Act 2.0 and how this law is impacting employers and employees. Listen in to hear about some key parts of SECURE 2.0, including tax credits and Starter-K, matches on student loan payments, Roth requirements, and more.

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Topics Include:

00:00 – Welcome, Brian Graff
01:14 – American Retirement Association
02:21 – Purpose of the SECURE Act 2.0
03:18 – Likelihood of workers to saving
04:23 – Impact of SECURE 2.0 on businesses
05:01 – Will SECURE 2.0 have a bigger impact?
06:18 – SECURE Act 2.0 incentives
07:27 – State plans vs. SECURE Act 2.0 tax plan
08:34 – Tax credits and Starter-K
09:58 – Tax credits for matching contributions
11:51 – Matching on student loan payments
13:33 – Emergency withdrawal provision
15:25 – Flexibility with Roth accounts
17:01 – New Roth requirements
18:53 – Automatic enrollment
21:18 – Database for missing retirement accounts
23:25 – Part time worker eligibility to save
24:44 – Impact of raising age for distribution
27:35 – What should business owners be doing?
29:17 – Wrap up