4 Bills That Could Boost Annuities in 2025
January 7, 2025 by Melanie Waddell
Annuity bills in play during the 2023-2024 session of Congress may continue to gain traction in 2025.
“Many barriers inhibiting the use of protected, guaranteed lifetime income solutions to turn a saver’s accumulated retirement savings into a stream of lifetime income remain present in federal law and regulations,” according to Paul Richman, chief government and political affairs officer at the Insured Retirement Institute.
The annuity trade group intends to advocate for these bills in the new Congress, which was sworn in Friday, Richman said.
Wink’s Moore on the Market: I cannot say that I dislike the concept behind the Automatic IRA Act of 2024.
Here is some annuity legislation that has been proposed by Congress.
Thanks, Melanie Waddell at ThinkAdvisor. -sjm
