401(k) Plans Are Coming for Your Rollovers

December 5, 2022 by John Manganaro

Back in late December of 2019, then-President Donald Trump signed the Setting Every Community Up for Retirement Enhancement Act into law.

The bipartisan legislation, known more commonly as the Secure Act, had been in the works for several years and included many provisions. According to Michelle Richter, executive director of the Institutional Retirement Income Council, among the most important provisions was the creation of a “fiduciary safe harbor” for the selection and use of annuity products within 401(k)-style retirement plans.

Click HERE to read the full story via ThinkAdvisor

Originally Posted at ThinkAdvisor on December 1, 2022 by John Manganaro.