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What Brokers Should Know About the New CAA Guidelines

Extensis

Quick look: New legislation under the Consolidated Appropriations Act (CAA) was enacted late last year, affecting employee retirement benefit and health plan laws for 2023 and beyond. However, the new CAA guidelines extend a provision first established by the Coronavirus Aid, Relief, and Economic Security (CARES) Act of 2020.

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SECURE 2.0 Act and the Retirement Situation

Prism HR

Nowadays, there are a lot of people who aren’t feeling very secure about their retirement. So let’s talk about that retirement situation. It’s not so great if people are continuing to work longer simply because they are concerned they won’t be able to afford to retire comfortably. of those people being 65 and older.

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What the CalSavers expansion means for you

Guideline

At Guideline everything we do is rooted in providing a path to retirement and giving people the confidence to start planning for their financial futures. In 2020, California law passed the CalSavers Retirement Savings Program, or CalSavers for short. CalSavers was created to encourage more people to save for retirement.

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How to balance paying off student loans while saving for retirement

Guideline

For those paying off student debt, the idea of saving at the same time—be it for retirement, a down payment, a wedding, or an emergency fund—can seem impossible. With a sound strategy and plan, you can chip away at your student loans AND chip in to your retirement savings. Open an IRA Don’t have a 401(k) plan at work? No problem.

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Everything employers need to know about SECURE 2.0 Act

Guideline

The Act creates more tax savings for employers and employees alike and expands access to a work-sponsored retirement program to many employees. And especially in states that require an employer-sponsored retirement plan, the Starter K could be a great private alternative to the potentially somewhat clunky State-IRA options.

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What Are Fringe Benefits? A Small Business Explainer Guide

Zenefits

Retirement plans (pension, 401(k) contributions). These expenses are now limited to 50% deduction to the employer until 2025, when they will be disallowed. These benefits include 5 categories: Paid leave (sick, holiday, personal and vacation days). Supplementary pay (overtime, shift differentials like weekend or holiday pay).

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The Source: Weekly Roundup – August 12th, 2019

PlanSource

lives with a disability, and more than one in four of today’s 20-year-olds will become disabled before they reach retirement age. Health Care Blockchain Could Save Industry $100B Annually by 2025. Get the full rundown of their investigation. 3 Disability Insurance Items Benefits Advisors and Employers Should Discuss.