Browsing Tag
401(k) Guaranteed Lifetime Income
133 posts
A 401(k) Guaranteed Lifetime Income option is a retirement plan feature that allows participants to convert part of their 401(k) savings into steady, predictable payments for life. Similar to an annuity, it provides income that continues regardless of how long you live, helping reduce the risk of outliving your savings. This option offers financial security in retirement by combining the flexibility of a 401(k) with the stability of guaranteed income.
BlackRock’s LifePath Paycheck Caps 2024 with $16B
Six plan sponsors have added BlackRock's target date solution to their workplace retirement plans
Lack of ‘Annuity Fluency’ Hindering 401(k) Participant Interest
Nevertheless, TIAA survey finds 3 of 4 employers see growing demand for lifetime income in retirement plans over next 5 years
Empower Beefs Up Retirement Income Product Suite
Addition of Allianz Lifetime Income+ Annuity and Putnam Retirement Advantage Income Series to Empower lineup increases participant access to guaranteed lifetime income
T. Rowe Price, Pacific Life Introduce Lifetime Income Solution
The MLI product expands on two past retirement income solutions from T. Rowe Price
T. Rowe Price, Pacific Life Partner on New In-Plan Lifetime Income Solution
Managed Lifetime Income combines a managed payout investment from T. Rowe Price with a QLAC from Pacific Life
Wealth@wor(k): AI in Wealth and Retirement, Guaranteed Income, and a Big Announcement
Advisor2x's Trey Dowdy greeted attendees with news about the conference's future
Employees Prefer In-Plan Retirement Income Features
The DC survey from Invesco underlines the idea that more participants want to be involved in their retirement investments
Most Advisors Talking Retirement Income with Participants: BlackRock
2024 Read on Retirement survey finds 81% are discussing strategies with clients
Investors Proactively Managing Retirement Savings
More are also taking interest in lifetime income options, notes Nationwide's new Protected Retirement survey
Vestwell and TIAA Introduce Lifetime Income Offering
The solution will be available to all Vestwell partners and supported by TIAA and Vestwell