Browsing Tag
401(k) Annuities
184 posts
A 401(k) annuity is a retirement income option where savings from a 401(k) plan are used to purchase an annuity, providing guaranteed payments for a set period or for life. This option converts part or all of your account balance into predictable income, helping protect against outliving your savings. Payments can be fixed or variable based on the annuity type. While annuities can offer stability and longevity protection, they may limit liquidity and can have fees. They’re typically chosen by retirees seeking steady income rather than managing investments themselves.
Iowa Proposes Harmonized Annuity Best Interest Regulation
As annuities are poised for meaningful expansion into 401k plans as a result of the SECURE Act, states…
Fixed Indexed Annuities: Record Sales in 2019, Again in 2020?
Fixed indexed annuity sales hit a record in 2019 and may set new highs in 2020, according to recent figures.
NAIC Approves Best Interest Model Regulation for Annuity Sales
The National Association of Insurance Commissioners (NAIC) gave final approval Feb. 13 to a revised model regulation that…
Rolling Stones Reup With Lifetime Income Tour Sponsors
Annuities and aging rockers—an unlikely partnership that just seems to work. The Alliance for Lifetime Income announced that…
Millennials Falling Behind on Retirement Savings?
Millennials’ retirement expectations are similar to previous generations—they hope to retire with adequate income that will last. No…
A SECURE Act Safe Harbor for Guaranteed Income in 401ks: Fred Reish
The SECURE Act amends ERISA to create a fiduciary “safe harbor” for the selection of the provider of…
What SECURE Act’s Annuity, Open MEP Provisions Mean for Advisors
Big changes are coming to 401(k) plans in 2020 thanks to last week’s whirlwind passage of the SECURE…
It’s In! SECURE Act Included in 2020 Spending Package
Talk about your nail-biters! After months of collecting dust in the Senate, the SECURE Act, the most significant…
New Annuity Meant to Help Boomers Support Aging Parents
A new annuity from a division of MassMutual is aimed at Boomers who want to help support aging parents to keep them from outliving retirement funds.
Does A ‘Secure’ Retirement Include Annuities?
Annuities in 401(k) plans may grow as the SECURE Act adds safe harbor and portability, easing sponsor risk and supporting lifetime income.