A lot of financial advice is written for investors progressing through life and tackling goals in sequence. But for many young wealth accumulators, that’s not the way life unfolds. Instead, young careerists often choose between competing priorities like paying down student debt, building an emergency cash cushion, and saving for retirement.
A new federal law may help change that. The SECURE Act of 2022 (SECURE 2.0) may make it easier for workers to cast a wider savings net. The following provisions were designed to meet accumulators where they are and to help them take their next best step when reaching for financial goals.
(Look for forthcoming content that focuses on what those nearing retirement and what high net worth investors should know about SECURE 2.0.)