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UPDATED – 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 a retirement savings program without the administrative complexity, fees, or fiduciary liability … 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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