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Did You Know California has a State Mandated Retirement Plan?

Frequently Asked Questions About CalSavers Question: What is CalSavers? Answer: CalSavers is a new California law designed to encourage employees to save for retirement. CalSavers was originally called California Secure Choice and was approved by the State Legislature in 2016. CalSavers provides employees with a retirement savings program without the administrative complexity, fees, or fiduciary … Continue Reading

Section 529A Qualified ABLE Programs: Tax-Favored Savings Vehicle for Disabled Individuals

First effective in 2015, the federal Achieving a Better Life Experience (ABLE) Act created Internal Revenue Code section 529A qualified ABLE programs, which provide a means of tax-favored savings for disabled individuals. Section 529A qualified ABLE programs are modeled on Section 529 qualified tuition programs and must be implemented by individual states. States that have … Continue Reading
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