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Major Updates to Retirement Plans: What You Need to Know in 2023 and Beyond
Retirement planning is evolving significantly with recent legislative changes, thanks to a substantial $1.7 trillion spending bill passed by Congress. This comprehensive package introduces over 90 different updates affecting retirement accounts like 401(k)s, IRAs, and Roth IRAs. Whether you're a seasoned investor or just starting to plan your future, understanding these key modifications is crucial. Here's a detailed overview of the most impactful changes.