Browsing Tag
Lifetime Income
104 posts
Lifetime Income refers to a financial strategy or product designed to provide clients with a steady stream of income for the rest of their lives. RIAs use this concept in retirement planning to ensure clients can cover essential expenses and maintain their lifestyle without the risk of outliving their assets. It often involves annuities, systematic withdrawals, or investment portfolios structured to generate sustainable income over a client’s lifetime.
BofA Launches ‘401k Pay’ Digital Solution for Retirement Income
New resource available Nov. 17 focused on converting 401(k) account assets into retirement income
MetLife Annuities Added to Alight Worklife Platform Serving 12M DC Participants
Plan sponsors can now offer MetLife’s Guaranteed Income (MGI) fixed immediate annuity and Retirement Income Insurance (RII) QLAC
More Than a Third of Gen X Plans to Delay Retirement
New paper finds “forgotten generation” is least confident and least financially prepared; recommends policy fixes
AllianceBernstein Releases Lifetime Income Portfolio
The fixed annuity guarantee is issued by an insurance company subsidiary of Corebridge Financial
AllianceBernstein Adds Pacific Life to Lifetime Income Solutions Platform for Large DC Plans
Pacific Life now an insurer to both Lifetime Income Strategy and AB Secure Income Portfolio CIT
Nuveen Acquires Brooklyn Investment Group
Priority in deal for custom multi-asset direct indexing provider will be to speed integration of Nuveen’s alternatives and lifetime income capabilities into tax-advantaged offerings
Alliance for Lifetime Income Becoming Part of LIMRA and LOMA
The two association boards unanimously approve strategic transaction to take advocacy efforts around educating Americans about the importance of protected income in retirement to “whole new level”
Despite Interest in Lifetime Income Options, Plan Sponsors Lag Behind
NAPA 401(k) Summit panel explores why lifetime income options remain in such low demand, and what advisors can due to increase its usage
Despite Concerns, Participants Seek Lifetime Income Options
This is especially true for participants with less than $200,000 in investable assets, finds Allianz Life
Retirees Prefer Spending Lifetime Income Over Savings
New study by David Blanchett and Michael Finke finds retirees spend more with lifetime income