The Treasury Department and the Internal Revenue Service have issued guidance aimed at expanding the use of income annuities in 401 plans. The guidance issued Friday in Notice 2014-66 makes clear that plan sponsors can include deferred income annuities in target date funds that are used as a default investment, in a manner that complies with plan qualification rules.
http://www.accountingtoday.com/news/retirenment-planning/treasury-and-irs-encourage-use-of-annuities-in-401k-plans-72419-1.html
http://www.accountingtoday.com/news/retirenment-planning/treasury-and-irs-encourage-use-of-annuities-in-401k-plans-72419-1.html
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