News | 01.31.20
How to Turn Your Nest Egg Into Steady Payments
A growing number of employers are adding income-producing investments and services to plans in part to persuade older workers to keep their money in the 401(k) rather than move it to an IRA upon retirement. One-third of plan sponsors now offer retirement-income investments or calculators, up from 11 percent in 2018, according to Callan. The trend is likely to get a boost from a law that went into effect on January 1 that makes it easier for 401(k) plans to offer annuities.
Read the full article on Wall Street Journal