401(k) Annuities Still a Hard Sell Despite SECURE Act, Advisors Say

In 2019, the SECURE Act made it easier for 401(k)s to offer annuities, but financial advisors have mixed feelings on annuity use. “If a portfolio is diversified in inexpensive, tax-efficient funds, and employees are contributing to their accounts consistently, they will likely meet their goals [without annuities],” said CFP Board Ambassador Bridget Venus Grimes, CFP®.

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