Browsing Tag
401(k) Annuities
181 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.
IRI’s Jason Berkowitz: Why Biden’s Fiduciary Rule Gets it Wrong
The American Retirement Association approves the Department of Labor's latest ERISA fiduciary definition update, while insurers dispute its necessity, labeling it a regulatory overreach on investment advice. Jason Berkowitz from the Insured Retirement Institute outlines significant issues with the proposed ERISA changes, critiquing both the policy and President Biden's recent statements on the retirement sector. Berkowitz examines the five-part test and Prohibited Transaction Exemptions' effects on ERISA fiduciaries, reflecting the lifetime income industry's regulatory stance.
What to Consider When Contemplating an Annuity for a Defined Contribution Plan
PGIM’s David Blanchett explores key considerations for plan sponsors facing this important decision
With ‘Peak 65’ Nearing, More Advisors Consider Annuities
New RetireOne and Allianz Life survey finds that more Baby Boomers cite concerns with inflation and market volatility on their retirement savings
Middle-Class Americans Likeliest to Adopt Annuities
Research from the Committee of Annuity Insurers finds middle-class Americans have consistently used annuities over the past three decades to accumulate retirement savings
AmericanTCS, Allianz Life Partner to Offer In-Plan Guaranteed Income Option
Fixed index annuity designed to be within a managed account now available to DC plans on the American Trust Platform
Which Annuities are Good for Retirement?
Annuity Research and Consulting Co-Founder Mark Chamberlain makes the case for doing insurer counterparty risk evaluations independently of ratings agencies
‘Peak 65’ Women Show Interest in Annuities, Despite Unfamiliarity
New study by Alliance for Lifetime Income and CANNEX explores how future retirees are using protected income to afford retirement
Total Annuity Sales Jump 12% in Q2
Total annuity sales climbed to $88.6 billion in the second quarter of 2023 and increased 28% in the first half of the year
American Interest in Adding Annuities to 401(k)s Still Rising
Allianz Life study finds interest has grown significantly as most Americans worry about running out of money from their employer-sponsored plan during retirement
Nationwide Launches Buffer-Protected Annuity Product
The new registered index-linked annuity by Nationwide offers a buffer protection of 10% and 20%