RetireSecure Blog

July 2, 2014

Treasury Comes to the Aid of Retirees with Deferred Payout Annuities

Filed under: Personal Finance,Planning for Retirement — The Pension Research Council @ 8:39 am

Mark Iwry, senior adviser to the Secretary of the Treasury and deputy assistant secretary for retirement and health policy, recently announced new regulations that help retirees do a better job managing their 401(k) withdrawals. The new rules allow plan sponsors to offer retirees payout lifetime income streams,  while protecting people from running afoul of the minimum distribution requirements. Financial advisers will need to take a good look at these for their clientele.

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