Earlier this year, the U.S. House of Representatives passed a new retirement bill called Secure 2.0, designed to build off Secure Act 2019. The new bill aims to make it easier for workers to prepare for retirement. This version of Secure Act 2.0 passed by the House requires most employer-sponsored retirement plans to enroll new employees automatically. This makes it easier for student loan borrowers to save and lower retirement plan administration costs for small businesses. Currently, the Senate is working on two separate pieces of legislation that should be combined into one package. The Sen ..read more

The Illinois Secure Choice Savings Program (Secure Choice) allows workers to save money for retirement on their own. This is required for any business in the state of Illinois that has at least five employees, has been in business for two or more years, and does not currently offer a retirement plan. Businesses who fall into this category must begin offering a qualified plan to their employees, or automatically enroll their employees into Secure Choice. Program Overview  Participants of the Secure Choice Program are enrolled in a default target-date Roth IRA with a default five percent pa ..read more

In March of 2019, Governor Phil Murphy signed the New Jersey Secure Choice Savings Program Act to close the retirement savings gap. This Act created the Secure Choice Savings Program which was designed to provide a private path for employees to save for retirement. This means that certain employers are required to establish a payroll deposit retirement savings plan that permits eligible employees to take part in the program. Although the implementation of the program remains in the works, the new website is now operational as of April 2022. More information is expected soon which will include ..read more