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.
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%
Lifetime Income Illustrations, Bill Sharpe and Immediate Annuities Explained in New e-Guide
Michelle Richter-Gordon and Mark Chamberlain’s ARC launch educational website in advance of Q2 2023 statements being sent to DC plan participants
Close to Half of Workers Unaware of Annuities
Four in 10 adults do not know what an annuity is, according to findings from USAA Life Insurance company
‘Peak 65’ is Coming—And Retirement Advisors are Changing Because of It
New research from The Alliance for Lifetime Income and CANNEX says financial professionals are increasingly looking to annuities to protect clients as the industry shifts retirement investing strategies
Reintroduced Bill Provides Relief for Annuities in QDIAs
The bil would permit annuities to be the default 401(k) investment option for workers enrolled in an employer-sponsored 401(k) plan
Most Retirees Want a Retirement Planning ‘Do-Over’
New study from Lincoln Financial Group finds more than 60% of retirees wish they would’ve planned better
Annuities and Institutional Best Practices: A Good Fit
Could it become a future breach if DC plans don’t at least consider them?
The Impact of Inflation’s Return on Retirement Planning
Glen Franklin of Jackson National writes on the influence of market volatility on retirement planning, and the products that can protect investors against inflation