Tag: lifetime income

The bill would amend the DOL’s current default investment safe harbor regulations to allow, but not require, a retirement plan’s default investment to include a limited investment in a non-liquid annuity component that provides a guaranteed return on investment.

The updated Franklin Templeton solution presents an easy-to-understand estimate of available income from different asset sources, while modeling an investor’s needs and goals over time.

For their part, participants say they feel the pandemic has make their retirement savings more vulnerable.

Panelists discussed how employers can add different lifetime income options into their plans and the appropriate products to use. 

The SECURE Act will inevitably lead to more sponsors inquiring about in-plan income options, and advisers need to be ready.

Though many in the industry remain focused on addressing the challenges of the pandemic, major changes to the U.S. retirement planning landscape continue to unfold, thanks to the SECURE Act.

A new IRS private letter ruling essentially conforms the tax treatment of properly structured advisory fees from non-qualified annuity contracts to those paid out of qualified accounts, which typically are not treated as taxable distributions.

In order to boost Americans’ retirement outlook, there are a number of practical things that retirement plan advisers and sponsors can do, Jamie Ohl, president of the retirement business at Lincoln Financial Group, tells PLANADVISER.

One measure is to encourage MEPs by eliminating the “nexus” requirement.

The detailed report is aimed at expanding opportunities to save and increasing access to lifetime income products, among other efforts.

The Bipartisan Policy Center and Ric Edelman announce the launch of “Funding Our Future: A Campaign for America’s Retirement Security.”