The New Income Projection Rules for Defined Contribution Plans

11 Pages Posted: 25 Aug 2021 Last revised: 29 Sep 2021

See all articles by Richard L. Kaplan

Richard L. Kaplan

University of Illinois College of Law

Barry Federici

Family First Wealth Management

Date Written: August 9, 2021

Abstract

The SECURE Act enacted at the end of 2019 requires that defined contribution retirement plans provide plan participants with projections of how much monthly income their accumulated balances will generate upon their retirement. This article analyzes the new Labor Department regulations that go into effect on September 18, 2021 and suggests various revisions, including an explanation of likely tax consequences.

Suggested Citation

Kaplan, Richard L. and Federici, Barry, The New Income Projection Rules for Defined Contribution Plans (August 9, 2021). Tax Notes Federal, Volume 172, August 2021, University of Illinois College of Law Legal Studies Research Paper No. 21-21, Available at SSRN: https://ssrn.com/abstract=3908601

Richard L. Kaplan (Contact Author)

University of Illinois College of Law ( email )

504 E. Pennsylvania Avenue
Champaign, IL 61820
United States
(217) 333-2499 (Phone)
(217) 244-1478 (Fax)

Barry Federici

Family First Wealth Management ( email )

Sycamore, IL
United States
815-517-1755 (Phone)

HOME PAGE: http://www.familyfirstwealthmanagement.com

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