'Secure 2.0' clears Congress as part of omnibus appropriations bill, will bring more changes to U.S. retirement system

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'Secure 2.0' clears Congress as part of omnibus appropriations bill, will bring more changes to U.S. retirement system
Both chambers of Congress have now approved an omnibus government-funding bill, which includes dozens of retirement-related provisions known as "Secure 2.0."
IRS delays tax reporting change for 1099-K on Venmo, Paypal business payments
Tax professionals and consumers are likely to cheer the delay, which means the pre-2022 threshold of $20,000 for more than 200 transactions applies for now.
Don't let these 3 credit myths cost you money next year as interest rates rise
One of the costliest misconceptions is that carrying a small balance from month to month will give your credit score a boost.
Families can make a tax-free rollover from 529 plans to Roth individual retirement accounts starting in 2024
Lawmakers say new rules would rescue funds from tax penalties and promote more college savings. Others think the measure amounts to a tax break for wealthy.
What to know about the two student loan forgiveness cases the Supreme Court will hear legal arguments on in February
Two of the legal challenges brought against President Joe Biden's student loan forgiveness plan have reached the U.S. Supreme Court.
Congress' lame duck session leaves 'unfinished business' on issues that address Americans' everyday financial needs
Here's what didn't make the cut in year-end legislation and how lawmakers could address that "unfinished business" in 2023.
'Secure 2.0' would provide a limited federal 'match' on contributions for retirement savers with lower income
The provision would provide up to a 50% federal match on contributions to qualifying retirement accounts for people with income below set levels.
Here are 10 ways to avoid the early withdrawal penalty for individual retirement accounts
Savers can access individual retirement account funds before 59½ without a 10% penalty in some cases. But it's generally not a good idea to raid savings early.
Pell Grants could rise to a maximum $7,395 next year, in the biggest increase in over a decade
As part of its massive $1.7 trillion spending package for 2023, Congress is planning to up the maximum annual Pell Grant award to $7,395 — a $500 increase.
'Young adults are particularly vulnerable to delinquencies' — 1 in 5 have debt in collections, new report finds
With little to no safety net, lower wages and shorter credit histories, young adults are struggling to manage high-interest debt, according to a new report.
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