Lincoln National Corporation LNC recently rolled out a retirement solution — Lincoln PathBuilder — which is an in-plan guaranteed income option. The new solution aims to provide benefit to retirement savers across the United States, who are investing in employer-sponsored retirement plans.
Lincoln PathBuilder has been primarily designed to convert defined contribution retirement plan savings into a lifetime source of monthly income. Per a study conducted by Secure Retirement Institute, 61% of workforce presently saving in employer’s defined contribution plan is likely to contribute to a guaranteed lifetime income investment option. We believe the new solution has also been launched […]
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