SECURE 2.0 Act Explained: Essential Retirement Updates with Alex Szarka

Description:
🔹 What's New in Retirement Planning for 2023?
Join Alex Szarka from Szarka Financial as he breaks down the essential updates from the latest retirement legislation-SECURE 2.0 Act. Learn how these changes could impact your retirement planning, and why understanding them is more crucial than ever.
🔹 Key Highlights of the SECURE 2.0 Act:
Automatic enrollment in employer-sponsored retirement plans like 401(k)s.
Increased contribution limits for catch-up contributions starting 2025.
New provisions for rolling over college savings into Roth IRAs.
🔹 Why Watch This Video?
Stay Informed: Discover the legislative changes that could affect your future.
Plan Smarter: Learn about increased saving limits and how you can benefit.
Future-Proof Your Retirement: Get expert insights on how to secure your financial future in light of new laws.
🔹 Who Should Watch?
Individuals planning for retirement at any age.
Parents considering future financial planning for their children.
Professionals seeking to update their knowledge on retirement planning.
🔹 Timestamps:
0:00 - Introduction to the SECURE 2.0 Act
1:30 - Automatic Enrollment Explained
3:20 - Updates to Catch-Up Contributions
5:10 - How Unused College Savings Can Boost Retirement Funds
7:00 - Expert Advice on When to Start Saving for Retirement
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🔹 Connect with Us:
For more personalized financial advice, visit szarkafinancial.com
Originally aired April 9, 2024
Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker Dealer, member FINRA/SIPC. Advisory Services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Szarka Financial are not affiliated. Fixed Insurance services offered through Szarka Financial.