Annuities in retirement plans? Revived bill aims for a leap

February 22, 2022 by Lynnley Browning

Lawmakers revived a push to put annuities in Americans’ retirement plans, reintroducing a bill that would let companies make the complicated insurance contracts the automatic go-to when savers waffle about where to invest chunks of their money.

U.S. Reps. Donald Norcross, a New Jersey Democrat, and Tim Walberg, a Michigan Republican, reintroduced the Lifetime Income for Employees Act on Feb. 15, refreshing a bill they originally brought forth in late 2020.

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Originally Posted at Financial Planning on February 16, 2022 by Lynnley Browning.