The Secure Act Requires Your 401(k) Statement to Show Monthly Retirement Income. You Could Be in for a Surprise.

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    | February 21, 2020

     

    A small provision in the Secure Act, signed into law in December to help Americans save for retirement, aims to remove some of that uncertainty.

    Translating the nebulous balance on a 401(k) statement into an estimated monthly income in retirement can be challenging, leaving workers unsure whether they’re on the right track or need to step up their contributions.

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