The retirement bill the House of Representatives passed on Thursday includes an assortment of changes for participants in 401(k) plans and owners of individual retirement accounts. The Senate may be poised to pass the bill, or a similar one, quickly and send it to President Trump, who is expected to sign it. Here’s what you can expect:If you’re interested in annuitiesIt’ll become easier to convert your retirement savings into a steady lifetime income—a feature common to old-fashioned pensions—by buying an annuity in a 401(k)-style...

Source: Wall Street Journal May 23, 2019 20:48 UTC