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.
Participant Desire for Protected Income Increases Sharply Between Age 50-65
American Century Retirement Study finds majority of employees want their account balance protected and to automatically generate guaranteed income during retirement
Nationwide Adds Income America ‘5ForLife’ for Managed Account Participants
New offering responds to increased interest from 401(k) participants in guaranteed lifetime income investment options as part of a managed account
Nestimate Debuts Software Solution for In-Plan Guaranteed Income Products
Software billed as giving plan advisors, consultants and sponsors a scalable way to implement lifetime income into retirement plans
In-Plan Annuity Market Will Grow Exponentially Over Next 2 Years: LIMRA
New report predicts much greater adoption of guaranteed income solutions in late 2023 through 2024 if providers step up education efforts
Nearly Half of Pre-Retirees Believe Retirement Income Will Not Cover Basic Expenses
LIMRA research finds only 44% of pre-retirees expect to receive enough income to afford basic living expenses
Hybrid 401(k)s, Protected Income and More: Quick Takes from the VCI Leaders Summit
More takeaways from last weekend’s Viking Cove Institute event in Carlsbad, Calif.
Despite Big Concerns, Plan Sponsors Know They Need Lifetime Income Options
New study shows most 401(k) plan sponsors open to income options despite significant concerns
5 Key Topics Where Near-Retirees Want More Guidance
Allspring Global Investments’ annual retirement survey finds retirees are doing well, yet opportunities remain for near retirees to seek guidance from advisors and plan sponsors
The Pandemic Continues to Impact Retirement Confidence
As a result, investors are looking at guaranteed products to fuel income during retirement
The Final Frontier in ‘Pensionizing’ 401(k) Plans Faces Similar Challenges from the Industry’s Past
Qualified Plan Advisors’ Scott Colangelo explains how the retirement industry is working to bring innovative guaranteed income solutions to defined contribution plans