Income for life plans are designed to provide a long-term guaranteed, steady stream of income (or guaranteed multiple streams of income taken strategically over an investor’s life). These plans mitigate risks like market volatility, inflation, and outliving savings, and provide long-term financial security.

The SECURE Act* — which stands for “Setting Every Community Up for Retirement Enhancement” — including several provisions intended to strengthen retirement planning and retirement security took effect January 1, 2020.

Roth contributions to 401(k) and 403(b) retirement plans became available on January 1, 2006. Unlike traditional, before-tax contributions, Roth contributions come from income that has already been taxed. That means qualified withdrawals from Roth accounts, including earnings, will be free from federal

Some of the most common mistakes related to 401k accounts are taking a loan against 401k, cashing your current or old 401k account or using inappropriate investment vehicle for your 401k assets.