Congress Passes SECURE Act & Retirement Changes

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  • 01 mins 38 secs
As part of a broader spending bill, Congress passed the SECURE Act. Some of the retirement changes passed include allowing parents to withdraw as much as $5,000 from their 401(k) without penalty if they have a baby, allowing contributions to traditional IRAs after the age of 70.5 years old, and using 529 plans for student-loan debt up to $10,000.

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