Abstract
The SECURE Act enacted at the end of 2019 requires that defined contribution retirement plans provide plan participants with projections of how much monthly income their accumulated balances will generate upon their retirement. This article analyzes the new Labor Department regulations that go into effect on September 18, 2021 and suggests various revisions, including an explanation of likely tax consequences.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 897-906 |
| Number of pages | 11 |
| Journal | Tax Notes Federal |
| Volume | 172 |
| State | Published - Aug 9 2021 |
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Expert: Secure Act regulations seek to dispel 'illusion of wealth' for older adults
5/12/22
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