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.
As Congress prepares a follow-up to the SECURE Act, it should include a safe harbor for 401(k) plans that want to provide non-guaranteed withdrawals to retirees, and to allow the use of variable qualifying longevity annuity contracts, writes our guest columnist, an actuary and Certified Financial Planner.
Retirement Income Journal takes a holiday break; Fed to buy at least $120 billion in bonds per month; Global Atlantic adds $8.5 billion in reinsurance deal; Roth IRA assets surpassed $1T in 2019.
I’ve adopted a few rationalizations that make it tolerable, if not exactly sweet, to send large checks to Uncle Sam each quarter.
This version of the best interest rule reflects the spirit of the Trump administration. It is much more de-regulatory and less consumer-protective than the Obama administration’s 2016 best interest rule.