Congress Considering Bill To Boost Annuities Inside 401(k)s

July 20, 2018 by John Hilton

Annuities inside 401(k) retirement plans could get a big boost if Congress is able to reach agreement on legislation this year.

The annuity proposal is just one idea lawmakers are considering to pump up retirement savings in what could become the biggest changes to retirement plan administration in more than a decade.

Retirement and savings incentives will make up one of three bills in the “Tax Reform 2.0” package House Republicans are assembling, The Wall Street Journal reported this week, citing Rep. Kevin Brady (R-Texas), chairman of the Ways and Means Committee.

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Originally Posted at InsuranceNewsNet on July 18, 2018 by John Hilton.