The Catch-22 of In-Plan Annuities
December 23, 2020 by Kerry Pechter
Fixed deferred annuities may be the most promising candidates for inclusion in 401(k) plans. But in order to adapt these contracts to the defined contribution space, they must lose some of the ‘illiquidity’ that helps make annuities valuable. Some innovative solutions are now on the market.
The road to including lifetime income options in the investment lineups of defined contribution (DC) plans was smoothed a bit by the 2019 SECURE Act.
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Originally Posted at Retirement Income Journal on December 17, 2020 by Kerry Pechter.
Categories: Industry Articles