The Biggest Changes to Your 401(k): Biden Administration Changes

<p>A bill signed into law by President Biden expands access to retirement plans, establishes new regulations for 529 accounts, and includes a student loan payment matching program.</p> <p>The year 2022 has been a difficult one for those saving for retirement, but new laws passed in December of 2022 may provide some relief in 2023. The legislation, included in an omnibus spending bill signed by President Joe Biden, aims to increase access to retirement plans, however, it has also been met with criticism for primarily benefiting high-income individuals and not adequately addressing the retirement crisis facing the nation.</p> <p><a href="https://medium.com/@oneupblogs/the-biggest-changes-to-your-401-k-biden-administration-changes-2d52b5b87433"><strong>Website</strong></a></p>