The Treasury Department and the Internal Revenue Service have issued final rules on longevity annuities, which can help retirees manage their savings to ensure they have a stream of regular income as they get older, making longevity annuities accessible to the 401(k) and IRA markets.
The new regulations in TD 9673 expand the availability of retirement income options as an increasing number of Americans reach retirement age, one of the priorities that the Obama administration has emphasized by offering the MyRA program earlier this year and other initiatives.
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