Consumers Benefit from Regulation BI

The bar on consumer protections is raised in important ways by the Securities and Exchange Commission’s (SEC) Regulation Best Interest (Reg BI), which goes into effect at the end of this month. Reg BI preserves access for middle- and lower-income savers to financial professionals that offer the opportunity to set up income guaranteed for life. Insurance … Continue reading "Consumers Benefit from Regulation BI"

SECURE Act Enables More Lifetime Income Options for Savers

The SECURE Act is a huge win for millions of retirement savers. Signed into law by President Trump in December, the SECURE Act removed an obstacle that many employers said discouraged them from offering annuity options to their retirement plan participants. Offered by life insurers, annuities are the only financial product that delivers guaranteed income for … Continue reading "SECURE Act Enables More Lifetime Income Options for Savers"

SECURE Act Will Give Retirement Savers a Better Way to Gauge Their 401(k) Accounts

What is your savings worth? Saving for retirement may seem simple: put money aside for later. Yet, how do you know you are on track? 401(k) benefit statements provide plan participants with their current account balance. According to Fidelity Investments, the average 401(k) balance at the end of 2019 was $112,300. For many, that may … Continue reading "SECURE Act Will Give Retirement Savers a Better Way to Gauge Their 401(k) Accounts"