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New House bill gives small businesses more incentives to start a 401(k) plan

A new bill provides enhanced tax credits for employees that contribute to a 401(k) plan. Why the push? Because people aren’t saving enough for retirement.

The SECURE Act 2.0 (called the Securing a Strong Retirement Act) is an upgrade to the existing bill that’s currently making its way through the House with bipartisan support. The new bill would require employers to automatically enroll employees in their plan.
The SECURE Act 2.0 (called the Securing a Strong Retirement Act) is an upgrade to the existing bill that’s currently making its way through the House with bipartisan support. The new bill would require employers to automatically enroll employees in their plan.Read moreJoseph Gough / MCT
    by Gene Marks, For The Inquirer
    Published