Those workers lucky enough to have a pension plan from their employer receive a stream of income payments during retirement that will last as long as they live. Most workers, however, have defined contribution plans like 401ks instead of pensions. The majority of 401k plans …
Fixed annuity sales have been down overall recently. This includes sales of fixed indexed annuities, but lower sales aren’t necessarily telling the whole story for fixed indexed annuity products. According to Insurance News Net’s “3Q FIA Market Share Highest In 5 Years,” Linda Koco points …
Morningstar recently published a video on their website comparing the pros and cons of single premium immediate annuities and deferred income annuities. Neither annuity product is “better” than the other, but each has their benefits and drawbacks for an individual retirement plan. Christine Benz interviewed …
Prudential Annuities has released some new annuity products over the past year and a half. Each product offers benefits geared towards a specific group of people. All of the products were designed as alternative ways to save and provide income instead of traditional savings and …
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