401(k) auto-enrollment and other big changes to retirement plans in omnibus bill for 2023

A package of proposed changes to help Americans save more for retirement could soon be the law.

The changes, part of the Secure Act 2.0, are included in the sweeping end-of-year spending bill that lawmakers probably will vote on in the coming days to avoid a government shutdown, according to the text of the $1.7 trillion 2023 Government Funding Legislation published Tuesday.

If passed, they could benefit Americans across the spectrum regardless of how close they are to retirement, though many provisions wouldn't take immediate effect. 

Elisabeth Buchwald & Medora Lee | USA TODAY

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