Portability of Lifetime Income Options

Section 109 of the SECURE Act enables something called “Portability of Lifetime Income Options.” It  is one of those fundamental building blocks with which -regrettably or not, depending on your view of things-  all benefit professionals and all plan sponsors will have to eventually deal. Given that it is effective now, there is some urgency in understanding this thing. One of the challenges is that annuities within Defined Contribution plans are not generally well understood.
Continue Reading SECURE Act and “Portability of Lifetime Income”: Its the “Sleeper” in the Act of which Document Drafters Need to Be Wary