The Setting Every Community Up for Retirement Enhancement Act (SECURE Act) includes three sections designed to encourage more employers to adopt retirement plans, and it simplifies a few issues that have bedeviled plan sponsors and taxpayers for years.
Among these issues are: Whether participants in defined contribution plans will be able to save enough to sufficiently fund their living expenses in retirement;
Whether participants will be able to assume the risks associated with successfully managing their retirement income; and Whether participants will gain a false sense of financial security when viewing their accumulated assets in a defined contribution plan in […]
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