Your 401(k) Has Quietly Undergone Significant Changes. What to Know.

Your 401(k) Has Quietly Undergone Significant Changes. What to Know.

Illustration by Sam Island While the pandemic and its economic repercussions have (rightly) dominated the news for nearly two years, they have obscured some dramatic and longer-lasting changes that have been rolled out for 401(k) investors.

The Setting Every Community Up for Retirement Enhancement Act, better known as the Secure Act

, became law on Dec. 20, 2019, just before the pandemic took hold. That, plus further regulatory tweaks by the Biden administration in 2021, have led to three major additions to retirement plans and one loss for some investors.“I’ve never seen more change in the 401(k) space in my […]

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.