Using Annuities In 401(k)s: The Debate Continues

Ben Mattlin of Financial Advisor includes Joe Heider, president of Cirrus Wealth Management, in an article discussing the use of annuities in 401(k)s. “Each plan participant may be better served by different annuity offerings, [and] this represents an impractical barrier for plan fiduciaries. Annuities are complicated instruments because of their surrender periods and liquidation penalties. Due to these facts, they are not easily reviewed by plan sponsors and fiduciaries,” he says