Only 55% of adults participate in a workplace retirement plan, according to the U.S. Bureau of Labor Statistics. New legislation passed in 2019 aims to change those numbers.
The Setting Every Community Up for Retirement Enhancement Act, better known as the SECURE Act, contains several key provisions aimed at increasing access to tax-advantaged accounts. Among the key takeaways, many part-time workers will be eligible to participate in an employer retirement plan under the bill.
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