A lot of ink has been spilled since the U.S. Department of Labor raised the issue of how to best illustrate for Americans what their retirement savings might look like, spread out over all of the years after they stop working.
Little of it has been positive.
More than 100 retirement industry associations, insurance companies, third-party administrators and service providers have written the DOL to share their thoughts on its proposal to include lifetime income illustrations on defined-contribution plan account statements.
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