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.
AIG Launches Annuity Accelerator Product
Annuity powerhouse partners with Annexus to introduce product that features 35% income base bonus, 250% multiplier
HUB and Hueler Announce Partnership to Boost 401(k) Income Solutions
‘It’s a process, not a product,’ says HUB’s Barbara Delaney, ‘and one that’s prudent.’
Bill Allowing Annuities as QDIAs in 401(k)s Introduced in House
Reintroduction of “Lifetime Income For Employees Act” by Reps. Donald Norcross and Tim Walberg offers retirement savers improved ability to generate protected income stream
The Value of Guaranteed Income In-Plan Solutions: GRPAA 2022 Industry Leaders Summit
Plan sponsors are interested but overwhelmed by guaranteed products
Alliance for Lifetime Income Helping Elton John Say Farewell to Fans
Nonprofit promoting awareness of protected lifetime income in retirement announced as sole presenting partner of “Farewell Yellow Brick Road” tour in North America
2021 Annuity Sales Highest Since 2008 (No Thanks to 401(k)s)
While 2022 figures to be a banner year for the introduction of annuities into retirement plans in the wake of the SECURE Act, 401ks were still just a minor factor in strong 2021 annuity sales
TIAA Launches Lifetime Income Product
For the first time, the financial services company is offering its guaranteed lifetime income solution to the corporate retirement market through the TIAA Secure Income Account
U.S. Workers Want Earlier Retirement and Stable Income
Rising costs of retirement have workers’ focused on income sources and contemplating best time to retire
Managed Account Providers Well-Positioned for Decumulation Wave
They can help participants make prudent, informed decisions related to withdrawals, according to Cerulli
How Income Solutions Help 401(k) Plan Participants, Sponsors, and Society
Resources from The Institutional Retirement Income Council can help plan sponsors overcome hesitation around offering in-plan annuity solutions