The SECURE 2.0 Act of 2022 introduced major updates to retirement savings, offering greater flexibility for individuals managing their 401(k) plans. These changes, effective in 2024, allow easier access to retirement funds for emergencies and adjust required minimum distribution (RMD) rules. While the updates are helpful, it’s important to weigh the long-term impact of these decisions on your financial future.
New Jersey residents who own or rent property and meet certain income limits may be eligible for as much as $1,750 in tax relief as part of a state program. But the deadline to apply is fast approaching.
RetireReady NJ is a new retirement savings program, created by the New Jersey Secure Choice Savings Program Act, a law AARP fought for to ensure you have a brighter and more secure financial future. Workers at all levels of earnings, education, and backgrounds can benefit from the ability to use RetireReady NJ to save for retirement.