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Vanguard Unveils First New Target-Date Series Mutual Funds Since 2003
Comments
Basically, lifetime income options within 401k via TDFs have been allowed by SECURE 1.0 (2019) & further streamlined by SECURE 2.0 (2022).
Vanguard has now joined few others who have done this already - it has taken a long time to implement this.
403b already had this option, so the news is for 401k only.