New 401k Statement Rules Coming Soon

Sep 29, 2020

Eddie Kramer
Credit Mike Switzer/SC Public Radio

In case you haven’t heard, changes are coming to your 401k statements.  It’s taken ten years since this idea was first presented, but beginning next year the US Department of Labor will require your 401k administrator to not only show you your account balance but also what it could generate in monthly income.

Mike Switzer interviews Eddie Kramer, a certified financial planner with Abacus Planning Group in Columbia, SC.