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.