The IRS and the Department of Labor are actively encouraging lifetime income and enhancing retirement security. The most recent part of that effort is a final regulation the IRS released that permits longevity annuities in retirement plans and IRAs. But will this guidance actually change participant behaviors? Or is it much ado about nothing? In MarketBeat, Michael Webb discusses the use of longevity annuities in 403(b) and other retirement plans and examines the potential impact of the IRS guidance.
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