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Most professionals view continuing education as key to success, survey finds

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Summary

A survey conducted by the American Institute of Certified Public Accountants (AICPA) found that the majority of professionals see continuing education as a key factor in their success. In addition, the SECURE 2.0 Act, which is set to take effect in 2024, will bring big changes to 401(k) catch-up contributions.

Q&As

What do most professionals view as key to success?
Most professionals view continuing education as key to success.

What is SECURE 2.0?
SECURE 2.0 is a set of changes to 401(k) catch-up contributions that will take effect in 2024.

How will 401(k) catch-up contributions change in 2024?
401(k) catch-up contributions will increase in 2024 under SECURE 2.0.

What impact will SECURE 2.0 have on retirement savings?
SECURE 2.0 will increase the amount of money that can be saved for retirement.

What benefits are associated with continuing education?
Benefits associated with continuing education include increased job opportunities, higher salaries, and improved job satisfaction.

AI Comments

👍 It's great to see professionals taking continuing education seriously and understanding the importance of staying up to date with the latest knowledge and skills.

👎 The upcoming changes to 401(k) catch-up contributions in 2024 could be a major financial burden for many people.

AI Discussion

Me: It's about how most professionals view continuing education as key to success, according to a survey. It also talks about the SECURE 2.0 changes to 401(k) catch-up contributions that will take effect in 2024.

Friend: That's interesting. What do you think are the implications of this article?

Me: Well, it implies that continuing education is essential for professionals to succeed in their careers. This is especially true since the SECURE 2.0 changes are going to make it easier for people to save for retirement. It also means that professionals should start preparing for the changes now in order to take advantage of them when they come into effect.

Action items

Research the SECURE 2.0 changes to 401(k) catch-up contributions and determine how they may affect your retirement savings.
Identify continuing education opportunities that align with your career goals and sign up for a course.
Reach out to a financial advisor to discuss how to best maximize your retirement savings.

Technical terms

Continuing Education: Continuing education is the process of engaging in educational activities to maintain or improve one's knowledge, skills, and credentials. It can include taking classes, attending seminars, or completing online courses.
SECURE 2.0: SECURE 2.0 is the acronym for the Setting Every Community Up for Retirement Enhancement Act of 2019. This act includes changes to 401(k) catch-up contributions that will take effect in 2024.
401(k) Catch-Up Contributions: 401(k) catch-up contributions are additional contributions that individuals over the age of 50 can make to their 401(k) retirement accounts. These contributions are in addition to the regular contributions that all 401(k) participants can make.