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Retirement and Taxes: "To" and "Through" Planning

Money Talk

There are seven tax rates in effect through 2025: 10%, 12%, 22%, 24%, 32%, 35%, and 37%. Examples include a 401(k) or 403(b) plan and traditional IRA. Pensions and Annuities- A portion of the money that people receive in pension payments is not taxable because it is considered their basis (i.e.,

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Why SECURE 2.0 Act Auto-Enrollment and Escalation Will Boost Employee Financial Well-Being

Griffin Benefits

contains dozens of changes to retirement plans, but perhaps none bigger than these two: New 401(k) and 403(b) plans will be required to automatically enroll participants in the respective plans, and employee salary deferral rates will automatically escalate each year. The SECURE Act 2.0 SECURE ACT 2.0

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Employee Focused Retirement Plans

HR Professionals Magazine

As pensions have gone by the wayside and 401(k) plans have gained more notoriety, employees have become increasingly more aware of their employer sponsored retirement plans, and the financial benefits they provide. At its most basic level, a 401(k) plan allows employees to save for their personal retirement needs.

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2023 Brings Changes to the Laws on Employee Benefit Plans

McNees

High Deductible Health Plans can continue to waive the deductible for any telehealth services for plan years beginning before January 1, 2025. Employers may now offer de minimis financial incentives to employees to participate in 401(k) and 403(b) plans. Retirement Benefit Plans.

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