The House and Senate have passed the Consolidated Appropriations Act of 2023, which includes a grouping of retirement plan provisions better known as, “SECURE 2.0”.
On December 23, 2022, the bill was presented and signed into law by President Biden.
When asked why he robbed banks, a well renowned bank robber by the name of Willie Sutton answered, “because that’s where the money is.” Today, instead of robbing physical banks, thieves have sharpened their skills and honed in to “where the money is” – your retirement plan.
The IRS has published the 2023 contribution limits reflecting cost-of-living adjustments from the past year.
Read below for a brief overview highlighting some of the key increases in limitations.
Finding and retaining talent remains one of the top challenges for employers. A survey by Goldman Sachs consisting of 1,100 businesses revealed 90% are struggling to hire and engage qualified candidates.
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