SECURE 2.0 Act and the Retirement Situation
Prism HR
OCTOBER 3, 2023
According to NerdWallet , the average retirement savings for people aged 64 to 74 is $426,070. One of those provisions that is “antithetical” Babigian says, is “Section 603, which requires highly paid employees to make catch-up contributions to a 401(k), 403(b) or 457(b) government plans on a Roth basis only.”
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