The Setting Every Community Up for Retirement Enhancement Act will create opportunities for financial advisors, experts say, especially the provisions making it easier for 401(k) plans to offer annuities and allowing small companies to share in multi-employer plans. "The first item on any advisor's to-do list is to start talking to your clients about integrating guaranteed lifetime income products into their plans, if they haven't done so already," says TIAA's Chris Spence.

401(k) Specialist