by eatmoremeatnow
The SECURE 2.0 Act includes the following.
Automatic enrollment
Employers who start new retirement plans will be required to automatically enroll employees at a rate of at least 3% but not more than 10%, beginning in 2025. Excluded from this requirement are new companies in business for less than three years and businesses with 10 or fewer workers.
www.adp.com/spark/articles/2023/01/secure-20-act-of-2022-what-it-means-for-your-business.aspx
So perhaps every trader knows that a ton of money is about to be forced into the market in much the same way as the original 401k act which created the modern stock market.
If nearly all Americans are legally required to pump money into the market, which way do you think it will go?
www.finance.senate.gov/download/retirement-section-by-section-