Tag: 401(k) plans|Annuities|Department of Labor|Pension Rights Center|Regulation
Groups Say Lifetime Income Guidance Should Be Flexible, Provide Protections
Any guidance promulgated by the Department of Labor’s Employee Benefits Security Administration on lifetime income illustrations should be optional for retirement plans and provide fiduciary protections, retirement and financial industry groups say in comment letters.
How much monthly income will that 401(k) get you?
If you think figuring out how much money to put into your retirement savings accounts is complex, wait until it’s time to take money out.