Next Generation DC Plans: Decumulation Phase & Retirement Income

What happens after saving the proverbial nest egg and it is time to collect? How do you take a lump sum and covert it into income? In some respects, accumulating that retirement balance is easier than managing the payout to yourself. Listen to a brief history of retirement plans, the passing of ERISA, the evolution of DC Plans, the recent SECURE Act, and explore Guaranteed and Non-Guaranteed withdrawal options. Stacy Heistand, CFP, AIF, QPA, QKA, QPFC Sr. Consultant – Asset Strategy Consultants Adam Meehan, Esq, Partner – Smith & Downey, P.A.