If retirement legislation now under consideration in Congress becomes law, your 401(k) plan might have a new look.
The Secure Act, which passed the House in May and awaits Senate action, includes a provision that would make it easier for companies to include annuities in their retirement plans. And while people may be drawn to these guaranteed-income options, it’s important to grasp both the pros and cons before putting any money into one.
“As with any investment, It’s important to understand how it works, what it costs and how it fits into your overall financial plan,” said Frank O’Connor, vice president […]
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