How Much Annuity Income Would the Median 401k Balance Produce?
The Lifetime Income Disclosure Act introduced by the U.S. Senate last year would require...
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Lifetime Income Disclosure Act
Putnam Investments is Positioning Itself at the Forefront of the Retirement Income Industry
Both the Obama Administration and Congress are considering ways in which Americans can become more aware of the need for guaranteed lifetime income .
Senate Introduces Lifetime Income Disclosure Act
The Senate introduced a piece of legislation that would require retirement plan sponsors to provide plan participants with estimates of how much income their accounts will generate in retirement. The majority of Americans approach retirement without a basic financial plan and with resources that are not sufficient for support of pre-retirement spending and lifestyles. The Lifetime Income Disclosure Act would provide Americans with a clear picture of the income-producing potential of their...
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