Lack of 401(k) Annuitization Portability Is Mean: Pension Policy Specialists

July 22, 2019 by Allison Bell

Pension policy specialists have explained why you might care about “portability” — one of the little-discussed, complicated-sounding provisions in the major retirement bills now in play in Congress.

The explanation boils down to this: The current lack of portability could be extremely mean to clients who start out in a 401(k) plan with a lifetime benefits annuitization option.

A team at the Georgetown University Center for Retirement Initiatives and a team at Willis Towers Watson have included the explanation in a look at the retirement income options available in 401(k) plans and other defined contribution retirement plans, such as 457 plans.

Click HERE to read the full article via ThinkAdvisor.

Originally Posted at ThinkAdvisor on July 09, 2019 by Allison Bell.