Financial Education Center

Key Takeaways from the SECURE 2.0 Act of 2022

As Americans, we’re simply not saving enough for retirement. As a result of this lack of appropriate saving and planning, policymakers deemed it necessary to step in and take action. As a result, the Setting Every Community Up for Retirement Enhancement (SECURE) 2.0 Act of 2022 became law and, as a result, has implemented changes to the retirement system. How does this impact you?

Can I Roll a Retirement Plan Distribution Into an IRA?

If you're asking this question, you probably have a 401(k) or other retirement plan through a former employer. The short answer is yes — most retirement plans allow you to roll your plan funds over into an IRA after you've left your employer's service. However, there is more than one way to do a rollover, and how you do it can be critical.

I Forgot to Contribute to My IRA Last Year. Is It Too Late?

Maybe, maybe not. Generally speaking, the Internal Revenue Service (IRS) allows you to make your Individual Retirement Account (IRA) contribution for a particular tax year up until April 15 of the following year.

As a Servicemember, Can I Contribute to an IRA?

You may contribute to an Individual Retirement Account (IRA) if you're a member of the armed forces. The rules that apply to servicemembers regarding IRA contributions and distributions generally are the same rules that apply to civilians.

Six Steps to Consider Before Tapping Into Your Retirement Savings Plan

You've worked long and hard for years, saving diligently through your employer-sponsored retirement savings plan. Now, with retirement on the horizon, it's time to begin thinking about how to tap your plan assets for income. But hold on, not so fast. You may need to take a few steps first.