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Tag Archive: US Treasury lifetime income proposal

The Department of Treasury Loves Annuities

The Department of Treasury Loves Annuities

This week the Treasury Department announced  a new regulatory proposal that would encourage lifetime income options in retirement plans such annuities.  A couple of main points were discussed in this new proposal.   The first would allow current participants in defined benefit plans (for the small percentage of consumers that still have DB plans) to take their retirement savings in the form of an annuity plus a lump sum.  Currently, the rules state that it is only one or the other. The second point would...

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