Retirement Income In a move likely to spur an increase in adoption of lifetime income solutions among retirement plans, Fidelity Investments has unveiled plans to launch a retirement income product.
Fidelity has announced Guaranteed Income Direct, a retirement income product that allows individuals to convert a portion of their 401(k) or 403(b) savings into an annuity “to provide consistent, pension-like payments throughout retirement,” according to a press release .
The firm says that Guaranteed Income Direct enables employers to provide their workers with a straightforward option of an immediate income annuity, with institutional pricing and offered by the insurer of their […]
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