Image credit: © Cammeraydave | Dreamstime.com The latest in-plan guaranteed lifetime income solution to hit the market was unveiled Oct. 15 by T. Rowe Price in cooperation with Pacific Life. “By pairing MLI’s robust approach to asset management with the security of a QLAC, we are creating a simple yet dynamic approach to helping participants retire more confidently.” Pacific Life’s Michael Oler Managed Lifetime Income (MLI) is the name of the new retirement solution designed to provide retirees in a defined contribution plan with stable and predictable monthly income for life. MLI combines a managed payout investment from T. […]
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