Advisers can get stumped when selecting the best type of guaranteed income solution for clients, but it can help to break down the offerings into two main categories: guaranteed withdrawal benefits and immediate annuities, according to Glenn Dial, senior retirement strategist at American Century Investments.
“There’s really only two major types of insurance categories,” Dial said on Thursday during a Broadridge Financial Solutions-hosted webinar, “How to Compare Retirement Income Solutions.”
Dial went on to break down the differences between GWB annuities and immediate annuities, with the key distinction being about how much control an owner has over the product as measured […]
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