January 2023 - Whitley Penn

Omnibus Bill Provisions Expand and Increase Retirement Plan Savings and Coverage

January 5, 2023 Last week, President Biden signed into law a $1.7 trillion omnibus spending bill, the Consolidated Appropriations Act, 2023 (“Act”). The Act includes the SECURE 2.0 Act of 2022, (“SECURE 2.0”). SECURE 2.0 includes a series of retirement provisions designed to increase coverage and savings for both employer-sponsored and individual retirement plans. The

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