What Women Need To Know About The Secure Act 2.0
By Natalie Colley
Feb. 3, 2023
Secure Act 2.0 makes numerous small changes to retirement plan savings rules in an effort to encourage Americans to save more for their retirement. In total, there are over 90 provisions in Secure Act 2.0, but some are especially beneficial for women.
Why focus on women, in particular, when arguably most of the provisions of Secure Act 2.0 technically impact both women and men? The answer is because the financial odds are stacked against women. Statistics abound showing that women are still playing financial catch-up to men. No single solution can universally fix these issues, but educating and empowering women to save more towards their long-term financial security is one important piece of the solution, and Secure Act 2.0 takes several meaningful steps in this direction.