What SECURE Act’s Annuity, Open MEP Provisions Mean for Advisors

What SECURE Act’s Annuity, Open MEP Provisions Mean for Advisors

The American College of Financial Services
401KSpecialst
December 30, 2019

Much has been written about the effects of the SEUCRE Act--due to become law with the New Year--on older savers using annuities, IRAs, and other long-term planning accounts. But how does the younger generation stand to gain from these new regulations?

The Act’s Multiple Employer Plans (MEPs) are a provision that many in financial services say could help young people start saving for retirement, even if they’re in a part-time or gig-type job.

For more on the possible benefits of MEPs, check out commentary from Steve Parrish, co-director of our Retirement Income Center, as he spoke with 401KSpecialist this week.

Read more here.

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