Retirement Income
To address retiree concerns about running out of money in retirement, MetLife announced that it is working with Fidelity Investments to offer a fixed immediate income annuity through Fidelity’s new retirement income solution. Image: Shutterstock.com The availability of the MetLife Guaranteed Income Program through Fidelity’s Guaranteed Income Direct solution is designed to help expand access to immediate income annuities by allowing plan sponsors to easily offer retirement income options within their defined contribution (DC) plans.
The solution will enable participants at all savings levels to purchase an immediate income annuity through an insurer selected by their employer and annuitize […]
Full Post at www.napa-net.org