Do you wish you could transform part of your 401(k) into a pension?
A bill making its way through Congress promises to make it easier to do just that. While that’s largely good news, there are still risks, according to retirement experts. Unless additional investor protections are added to the bill, retirement savers could be exposed to costly and opaque insurance products, plus concerns about insurance companies’ financial health.
Last month the House passed the Secure Act , touted as the biggest overhaul of America’s retirement system since 2006, with overwhelming bi-partisan support. While the bill recently hit a delay in […]
Full Post at money.com