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Lifetime Income Disclosure Act Would Boost Retirement Security
American Council of Life Insurers [ACLI]Link to more items from this source
[Opinion]
May 13, 2015

"Under the [the Lifetime Income Disclosure Act (S. 1317), recently introduced in the U.S. Senate], participants in workplace retirement plans would receive an annual statement of how their lump-sum savings translate into a guaranteed lifetime stream of monthly income from an annuity. This vital information would make it easier for workers to understand how their savings will address their month-to-month living expenses."

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