There are three main ways to offer retirement income products in a retirement plan, said James Lyday, managing director of Pensionmark Financial Group and moderator of “The Fundamentals of Retirement Income Products,” a Day Two session at the 2019 PLANADVISER National Conference (PANC). These “are best efforts, fixed annuities and other approaches,” he said.
In the case of best efforts, “This is the work being done by experienced investment professionals to use a nonguaranteed product to deliver income over a set period of time and still leave something behind to beneficiaries,” said Doug McIntosh, vice president, investments, at Prudential. “Fixed […]
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