Impact of SECURE Act 2.0 and the Changing Retirement Landscape

Gene Marks
1 min readMar 30, 2023

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On this episode of Paychex THRIVE, host Gene Marks is talking with CEO of the American Retirement Association, Brian Graff about the details in the SECURE Act 2.0 and how this law is impacting employers and employees.

Listen in to hear about some key parts of SECURE 2.0, including tax credits and Starter-K, matches on student loan payments, Roth requirements, and more.

Topics

00:00 — Welcome, Brian Graff

01:14 — American Retirement Association

02:21 — Purpose of the SECURE Act 2.0

03:18 — Likelihood of workers to saving

04:23 — Impact of SECURE 2.0 on businesses

05:01 — Will SECURE 2.0 have a bigger impact?

06:18 — SECURE Act 2.0 incentives

07:27 — State plans vs. SECURE Act 2.0 tax plan

08:34 — Tax credits and Starter-K

09:58 — Tax credits for matching contributions

11:51 — Matching on student loan payments

13:33 — Emergency withdrawal provision

15:25 — Flexibility with Roth accounts

17:01 — New Roth requirements

18:53 — Automatic enrollment

21:18 — Database for missing retirement accounts

23:25 — Part time worker eligibility to save

24:44 — Impact of raising age for distribution

27:35 — What should business owners be doing?

29:17 — Wrap up

Listen here.

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Gene Marks
Gene Marks

Written by Gene Marks

Columnist on smallbiz, economy, public policy, tech for The Guardian, The Hill, Philly Inquirer, Wash Times, Forbes, Entrepreneur. Small Business owner and CPA

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