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Why Don't More 401(k) Plans Have Lifetime Income Options?
Carol Buckmann via RPA Convergence
Nov. 16, 2021 "[Recent changes that encourage annuity options include:] [1] New fiduciary safe harbor for annuity purchases ... [2] Annuity contract portability ... [3] Annuities with deferred start dates ... [4] Changes in the marketplace ... Lifetime annuity projections ... are likely to result in participant questions about whether their plans can provide annuities." [Editor's note: This article appeared in yesterday's newsletter with incorrect author information. We regret the error!] MORE >> |
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