The Department of Labor (DOL) has issued four temporary implementing frequently asked questions (FAQs
) to address the new required lifetime income illustrations for individual retirement account plans like 401(k)s that were added by the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act).
The DOL previously published an interim final rule addressing this new requirement on Sept. 18, 2020. The FAQs address questions raised in response to the interim final rule.
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