Question: Why do you think it is that 401(k) plans usually do not offer Joint & Survivor payments or life payment options based on life expectancy?

Why do you think it is that 401(k) plans usually do not offer Joint & Survivor payments or life payment options based on life expectancy? As a financial planner, if you have a client that has a sizable 401(k) balance and is approaching retirement, what does that mean for you when advising them as a client?

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