Some have said that this could be the year for retirement income—a combination of new offerings, volatile markets, and rising interest rates. What’s your opinion?
It’s ironic that programs designed to provide retirement income pay so little attention to the realization of that objective.
Ironically, to this day only about half of defined contribution plans currently provide an option for participants to establish a systematic series of periodic payments, much less an annuity or other in-plan retirement income option.
That said, there were three provisions in the SECURE Act intended to expand the awareness and/or take-up of lifetime income options—both in terms of expanding access to these options and increasing participant awareness. It may be early days yet—but might those have an impact?
REPLY to this week’s NAPA-Net Reader Radar poll at https://www.research.net/r/QRGH3G2.
And—guess when we’ll have it all sorted out for you?
