- Trump Accounts are a new type of custodial savings account for children under 18, established under new Internal Revenue Code section 530A.
- For U.S. citizen children born between January 1, 2025, and December 31, 2028, there’s a $1,000 seed contribution from the U.S. Treasury. The White House states the purpose is to “afford a
New Jersey Requires Employers to Make a Retirement Savings Vehicle Available to Employees
By Joseph J. Lazzarotti on
Posted in Retirement plans, State mandated retirement plan
In an effort to close the gap in retirement savings across the state, Governor Phil Murphy signed the New Jersey Secure Choice Savings Program Act (Act) in March of 2019. The Act created the Secure Choice Savings Program (Program), designed to provide a path for more private sector employees save for retirement. In short, the…