***UPDATED: March 20, 2018*** On the heels of a report from the Treasury Department that encouraged plan sponsors to offer annuities in 401(k)s, the Senate has introduced new bipartisan legislation. The bill, the Retirement Enhancement and Savings Act of 2018, is very similar to legislation …
According to a recent survey, most Americans would choose a monthly income of $2,700 a month for life over a lump sum retirement payment of $500,000, as reported in a Benefits Pro article. TIAA’s Lifetime Income Survey found that while 62% of Americans say they’d …
Fidelity Investments has recently announced the launch of IncomeSource®, a Single Premium Immediate Annuity underwritten by two Western & Southern Financial Group member companies. The first of it’s kind for Fidelity, the immediate annuity allows individuals to convert a lump sum of money into guaranteed …
A new study, conducted by Jackson National Life Insurance Company and the Insured Retirement Institute (IRI), has found that while most Americans are interested in financial strategies that provide guaranteed lifetime income, many are unaware that annuities can provide it. The nationwide study, The Language …
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