A new solution allowing employees to convert all or a portion of their retirement savings—from a 401(k), 403(b) or 457(b)—into an immediate income annuity is now available nationally from Fidelity Investments.
Today Fidelity announced the broad availability of Guaranteed Income Direct, providing consistent, pension-like payments throughout retirement. “Many people feel anxious about how to generate income in retirement and want to reduce the risk of outliving their assets.” “A key challenge for employees as they transition from saving for retirement to living in retirement is ensuring there’s enough predictable income to cover essential expenses,” said Keri Dogan, senior vice president, […]
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