Making Retirement a Little Easier to Understand

Retirement planning can feel like a maze—especially for those nearing the big 5-0. That’s why we’re excited to share news about a new bipartisan bill that could make things simpler: the Retirement Simplification and Clarification Act (RSCA), introduced by Congressmen LaHood and Panetta.
This bill is all about making it easier for Americans to turn their savings into steady, guaranteed income through annuities. If passed, it would streamline the process for rolling over 401(k) savings into annuity products—giving people more options and more confidence as they plan for the future.
Why This Matters
Most of us aren’t retiring with traditional pensions anymore. Instead, we’re relying on personal savings—and that can be stressful. Annuities offer a way to turn those savings into guaranteed monthly income that lasts a lifetime. But the rules around them can be confusing, especially for savers leaving the workplace.
The RSCA builds on recent progress from the SECURE Acts and helps remove some of those roadblocks. It’s a smart step toward making retirement planning more accessible and less intimidating.
Nearly three-quarters of retirement savers (73%) are interested in purchasing a guaranteed lifetime income product that pays out like a pension.
Source: Morning Consult survey for the American Council of Life Insurers (ACLI)
What We’re Doing
At Protecting Every Future, we’re committed to keeping you informed about policy changes that could impact your financial future. We’ll be watching this bill closely and sharing updates as it moves forward.
In the meantime, show your support by signing our petition thanking Congressman Darin LaHood (IL-16) and Congressman Jimmy Panetta (CA-19) for taking this important step.
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