SECURE To Ignite ‘Huge Boom’ In Annuities, But Not Immediately
January 29, 2020 by Elizabeth Festa
The SECURE Act will inspire a new batch of annuities and opportunities, but they might not show up until next year, according to insurance professionals.
The Setting Every Community Up for Retirement Act is being called the most significant pension reform in a decade, but it will require education while also spurring product innovation.
The law not only makes it comfortable for sponsors to fortify 401(k)s with annuities but also adds favorable portability rules to make it easier to roll them out to other retirement plans or IRAs.