Question: Kevin from Harrison: I saw that annuities are going to be available in 401(k)s. Is this something you would recommend choosing?
A : Currently, only about 10% of 401(k) plans across the country offer annuity options according to the Plan Sponsor Council of America. But, to your point, we wouldn’t be surprised if they start becoming a bit more prevalent. That’s because, back in 2019, the SECURE Act removed some of the legal liability for employers if the insurance provider were to go under or not be able to meet their obligation. Since that worry is now […]
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