Submitted by Christopher S. Nudo on
On December 29th, 2022, president Biden signed the Secure Act as part of the Consolidated Appropriations Act of 2023. New legislation impacts employee retirement plans such as 401ks, 403Bs, and IRAs, whether they are traditional or Roth accounts.
This is one of the biggest pieces of retirement legislation that's been passed in decades. It will help small businesses by boosting tax incentives to employers for offering retirement plans and offering financial incentives to employees to sign up for some of these retirement accounts.
