The New Income Projection Rules for Defined Contribution Plans
Tax Notes Federal, Volume 172, August 2021
11 Pages Posted: 25 Aug 2021 Last revised: 29 Sep 2021
Date Written: August 9, 2021
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.
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