Under this new measure, starting next year, older workers earning more than $145,000 will be required to use an after-tax Roth 401(k) rather than the traditional pre-tax 401(k). However, since many employers do not offer Roth 401(k)s, the IRS has extended the deadline to 2026.

Steve breaks down what this means for you and your retirement strategy. He also emphasizes the importance of diversifying your retirement savings to reduce dependency on government-controlled plans. With the government's ever-changing rules and regulations, having different financial buckets can provide greater stability and control over your retirement.

If you're concerned about the impact of the Secure 2.0 Act on your retirement or want to assess your current retirement plan, call Steve today at 508-552-3230. Steve and his team can provide an X-ray of your 401(k), analyzing earnings, fees, risks, and exploring alternative retirement savings options.

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