Personal Finance
Saturday, 6/27, 07:43 PM
Annuities Are Showing Up in More 401(k) Plans. Here's What to Know.
- A 2019 law made it easier for employers to put annuities — insurance contracts that pay guaranteed income for life — inside 401(k) plans.
- More workers now face a choice earlier generations rarely had in a workplace plan: trade a lump sum for a check that never stops.
- The trade-offs run both ways.