The SECURE 2.0 Act, passed at the end of 2022, made several changes to retirement plans, including 401(k)s. But many of its provisions haven't gone into effect yet. Companies will now be able to make matching retirement account contributions to 401(k)s, 403(b)s, and SIMPLE IRAs on behalf of eligible employees if those employees make qualifying student loan payments. A qualifying payment is defined as any debt you took on solely for the purpose of paying educational expenses, which would include private as well as federal student loans.
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