The package of retirement-related legislation known as SECURE 2.0 was included in the budget bill that President Biden signed into law in late December. The legislation includes dozens of new provisions, including raising the age for Required Minimum Distributions (RMDs), automatically enrolling employees in their workplace retirement plans, and allowing employers to make matching contributions to an employee’s retirement plan based on the employee’s student loan payments.
The new year brings with it some new state laws now in effect, including some that could affect your finances. Changes from the new laws include a higher minimum wage in Colorado and the beginning of payroll deductions for the state’s new Family and Medical Leave Insurance (FAMLI) program.
With Growing Backlog at the IRS, Millions of Americans Still Waiting for Their Tax Refunds | CBS News
Something to be aware of as we head into another tax season — the IRS is still struggling to work through a backlog of millions of tax returns from prior years. While the agency has ramped up hiring to tackle the backlog, the IRS is warning taxpayers not to plan on or expect any 2022 tax year refund by any particular date.
Planning for one’s retirement can be a challenge, especially for those who don’t have a partner or family they can rely on for help. If you’re facing the prospect of retiring alone, or think you might, here are some factors to consider and tips from financial planners.
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