New Treasury guidance to include deferred annuities

October 29, 2014 by Cathy Weatherford

The Treasury Department issued new IRS guidance to support the expanded use of annuities in defined contribution plans.

The guidance makes clear that plan sponsors may offer deferred income annuities in target date investment options that are designated as the default investment in 401(k) and other defined contribution plans.

This guidance demonstrates the Treasury Department’s commitment to, and ongoing support for, making lifetime income more accessible in workplace retirement plans. Click here to read…

Originally Posted at LifeHealthPro on October 29, 2014 by Cathy Weatherford.