The SECURE Act Increases The Buzz Around Annuities

January 15, 2020 by Kevin Walsh and Thomas Roberts

The SECURE Act includes three significant provisions relating to lifetime income.  These new provisions have the potential to both fundamentally reframe how participants view their accumulated 401(k) plan savings, and to generate an increasing level of participant interest in gaining “in-plan” access to lifetime income products.

To complement this increased interest, the act furnishes plan fiduciaries with a safe harbor to facilitate their selection of in-plan lifetime income products. 

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Originally Posted at InsuranceNewsNet on January 10, 2020 by Kevin Walsh and Thomas Roberts.