It may be time to offer annuity options to 401(k) plan participants
$225.00
Description
Abstract: In theory, enabling 401(k) plan participants to convert their accumulated retirement savings into a lifetime income stream through an annuity contract sounds like a win. After all, it allows them to basically turn their 401(k) into a pension, so that they have a predictable income stream during their lifetime. This article looks at why annuities haven’t been used more and whether new DOL guidance will change that.
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