Retirement in the U.S. – Pensions, SECURE 2.0 Act, Student Loans, and More

One key focus for legislators today is finding ways to combat the retirement crisis in the United States, including the recent passing of SECURE Act 2.0. Tune in to hear as host Gene Marks talks with John Scott, the Director at the Pew Charitable Trusts’ Retirement Savings Project, about the reasons behind the current state of retirement across the country, whether or not pension plans could reemerge, the ins and outs of the SECURE Act 2.0, state run programs, and much more.

Topics Include:

00:00 – Welcome, John Scott 00:15 – Pew Charitable Trusts’ Retirement Savings Project 02:03 – The state of pension plans 02:54 – Could something like a pension come back? 04:31 – Incentivizing workers to stay long-term 06:17 – The reasons for the retirement crisis 07:06 – The benefits of workplace retirement benefits             08:26 – Attracting and retaining talent with retirement benefits 11:32 – SECURE Act 2.0 12:36 – Tax credits for starting a plan 13:25 – Expanded savers credit 14:57 – Employer tax credits for matching contribution 17:26 – Matching of student loans 19:52 – Roth 401(k) with SECURE Act 2.0 22:43 – State run retirement plan programs 25:28 – Downsides to state run programs 28:55 – The future of solving the retirement crisis 30:27 – Wrap up

DISCLAIMER: The information presented in this podcast, and that is further provided by the presenter, should not be considered legal or accounting advice, and should not substitute for legal, accounting, or other professional advice in which the facts and circumstances may warrant. We encourage you to consult legal counsel as it pertains to your own unique situation(s) and/or with any specific legal questions you may have.