With traditional pensions in decline, it’s up to the individual employee to build retirement savings in a work-based account.
Small businesses must now pay duties on low-value goods they could previously source inexpensively from China and elsewhere.
The SECURE 2.0 Act introduced new features designed to make 401(k)s even more appealing to workers.
It’s important for heirs to consider how a windfall might be used to strengthen their finances now and over the long term.