What You Need to Know
Only about 5% of 401(k) plans provide an in-plan annuity option.
The Secure Act of 2019 should encourage 401(k) sponsors to add annuitization options. Offering in-plan annuities helps plan sponsors show that the top goal for retirement savings is to generate adequate retirement income. After the challenges of 2020, Americans are thinking more urgently about their financial security. While last year turned out to be a strong year for markets, it certainly didn’t look that way in March, as major indices experienced the fastest-ever decline into bear market territory.The challenge and economic turbulence of […]
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