Not all ‘Secure 2.0’ proposals in the House and Senate are the same

Photo by Mike Kline (notkalvin) | Moment | Getty Images Continued improvements to savings, security The House passed its version of Secure 2.0, the Securing a Strong Retirement Act (HR2954), in late March with a bipartisan vote of 414-5. In the Senate, committees with jurisdiction over retirement-related provisions now have approved proposals that collectively form … Read more

More than half of young investors have regrets from the last year

Prasit photo | Moment | Getty Images Many Millennials and Gen Zers who invested in the stock market over the last year wish they had done things differently. Some 57% of Gen Z investors and 50% of millennials regret how they invested in the last 12 months, outpacing their Gen X and baby boomer counterparts, … Read more

Here’s what’s new with 401(k) plans this year

Contribution limit changes The maximum amount you can contribute to your 401 (k) may be adjusted from year to year. For 2022, you can put up to $ 20,500 in a traditional 401 (k), up $ 1,000 from 2021. The 50-and-over crowd is allowed an extra $ 6,500 as a “catch-up” contribution, for a total … Read more