Annuities About to Have a Bigger Footprint in 401(k)s
February 10, 2020 by John Miller
With the SEC making the offering of annuities in companies’ 401(k) retirement plans easier, we are now scrambling to make this type of investment more transparent.
There is something particularly tempting about annuities that appeal to a lot of people, for the same reasons that they loved fixed benefit pension plans. There is no doubt that the comfort of knowing you will receive a certain amount of income for life does sound pretty good to a lot of people, especially given the considerable amount of uncertainty that most face in retirement.
Choosing where to put your 401(k) money is a big decision, and goes beyond just having a good understanding of the fees and benefits of annuities, as we also have to be able to make an intelligent comparison with other investment options such as stocks and bonds. We need to start by looking at annuities themselves though and have that part transparent enough before we can move on to see how they may stack up.
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