The passage of the Secure Act in 2019 has led to some dramatic shifts in retirement plans. Of particular note, the law allowed for annuities providing guaranteed lifetime income to be incorporated into 401(k) and 403(b) plans. Such products enable plans to more closely resemble traditional pension plans. The proposed LIFE Act would allow plan […]
Read MoreCompass pointing to “INSURANCE” Annuities and perpetuities are insurance products that make payments on a fixed schedule. An annuity makes these payments over a fixed period of time and then ends. A perpetuity makes these payments indefinitely. Here’s what you need to know about these insurance products. Estate planning can be complex, partly because your […]
Read Moretarget-date fund annuity Nationwide thinks that its new product can change retirement planning for the majority of Americans who do not have access to traditional pension plans. The financial services company is working with Capital Group (the home of American Funds) and Annexus Retirement Solutions to offer a hybrid product: a new target date fund […]
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