Hello, Welcome to Known Unknowns, a newsletter that takes the long view. SECURE Act. Don’t Let the Actuaries Win This One Some exciting news for pension geeks. The SECURE Act (finally) passed Congress, and the president is expected to sign it into law. It has many good features. It makes it easier and cheaper for small employers to offer 401(k)s, which should increase coverage. It makes it easier to offer annuities in 401(k) plans, which create an income option that is desperately needed. 401(k) statements also must offer income projections, not just asset balances, which studies show increase savings and gets participants to think about income instead of wealth. This is all good.
Known Unknowns
Known Unknowns
Known Unknowns
Hello, Welcome to Known Unknowns, a newsletter that takes the long view. SECURE Act. Don’t Let the Actuaries Win This One Some exciting news for pension geeks. The SECURE Act (finally) passed Congress, and the president is expected to sign it into law. It has many good features. It makes it easier and cheaper for small employers to offer 401(k)s, which should increase coverage. It makes it easier to offer annuities in 401(k) plans, which create an income option that is desperately needed. 401(k) statements also must offer income projections, not just asset balances, which studies show increase savings and gets participants to think about income instead of wealth. This is all good.