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Several new products aimed at providing retirees with ways to turn their 401(k) savings into income have come to market recently, a trend that will surely continue, according to Jennifer DeLong, Senior Vice President and Managing Director, and Head of Defined Contribution at AllianceBernstein . Advisors need to begin educating themselves on these tools and strategies to serve their clients and, ultimately, participants, she said.
How to address retirement income within defined contribution plans is an area where plan sponsors do need help, DeLong said. “Plan sponsors of all sizes generally need help with that because the […]
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