According to a study performed by The Hartford, 90% of workers aged 20-49 would like to have a guaranteed stream of income from their 401k plan at retirement. In CNBC’s article “Does your 401(k) have an annuity?,” Rob Reuteman discusses the changing opinions towards annuities …
Life insurance companies have a lot of excitement over the new rules from the U.S. Treasury and Labor Departments. After calling for information in 2010 regarding the lifetime income options in retirement, the Departments finally have some rules in place to make it easier to …
Many retirees will transfer their 401k plans to 401k annuities at retirement in order to receive lifetime income. This transfer, usually of just a part of your 401k savings, will ensure that you can meet your expenses in retirement and also that your savings will …
In “Outlook 2012: Annuities-Industry at Crossroads, With Weatherford, Greenwald, Cortazzo,” John Sullivan of AdvisorOne says that annuities should do well next year despite some potential hurdles. With two major annuity carriers departing the market recently, you would think that would forecast a big problem for …
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