Image credit: © Yakobchuk | Dreamstime.com “Guaranteed Income Direct” is the name of a new retirement income product introduced today by Fidelity Investments that allows individuals to convert a portion of their 401k or 403b savings into an annuity to provide consistent, pension-like payments throughout retirement.
Scheduled to launch for select clients in the first half of 2022, Fidelity Guaranteed Income Direct will have broad availability in the second half of 2022.
With nearly eight million workers on its workplace savings platform nearing retirement, Guaranteed Income Direct addresses the growing interest among employers and employees for a guaranteed income annuity option […]
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