SECURE (Setting Every Community Up for Retirement Enhancement) Act, Part 3 Students
The SECURE Act was created to help individuals with retirement. This Act affects people differently depending on their stage in life. We will go through the last stage in our next post.
- Stipends/fellowships received by a graduate/postdoctoral student are now treated as compensation for purposes of IRA contributions.
- 529 account funds can pay for qualified student loan repayments up to $10,000/year.
If you have any questions on how the SECURE Act affects you specifically, please give us a call!