The SECURE Act, which stands for Setting Every Community Up for Retirement Enhancement, offers new investment opportunities for high net worth individuals. With annuities made more accessible in 401(k)s and other defined contribution plans , there is a new level of safety in retirement planning. As a team passionate about finance and aiding high net worth individuals, this has been an exciting development for us. As a high net worth individual – your investable assets are at least $1.0 million – you may not be familiar with the benefits of annuities , which can provide a guaranteed income for life, even as traditional retirement plans become increasingly rare. With the new opportunities created by the SECURE Act, annuities can provide a safe and stable income source throughout your retirement, ensuring long-term financial security. It's important to note that while annuities can be a valuable component of a retirement plan, they shouldn't necessarily make up the entirety o...
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