The Setting Every Community Up for Retirement Enhancement Act, better known as the SECURE Act, was signed into law on Friday, December 20th.
Given that many of these changes become effective on January 1, 2020, I wanted to get some information out that walks through the major changes created by the new law.
I came across an article in USA Today that probably resonates with many. "Debt hits a new high in 2018".*
Last year, college seniors graduated with a diploma, a well-paying job (hopefully), and an average student loan debt of $29,200, according to a new study by the Institute for College Access and Success.
As Labor Day approaches, which is the celebration of the contributions workers have made to the strength, prosperity, and well-being of our country, we wish you a relaxing long weekend and a bit of a respite from working.
Jerry Seinfeld once said, "I don't want my money working hard. I just want it to take it easy and relax."