There’s a New Way to Convert Your 401(k) into a Pension-like Stream of Income

There’s a New Way to Convert Your 401(k) into a Pension-like Stream of Income

Image shows a couple reviewing their retirement plan. Fidelity Investments plans to launch a new product next year that will allow individuals to shift a portion of their employer-sponsored retirement plan into an annuity. Creating reliable streams of retirement income is one of the most important elements of a person’s financial plan. A retirement industry giant says it now has a new way for retirees to meet this vital challenge.

Fidelity Investments plans to launch a new product next year that will allow individuals to shift a portion of their employer-sponsored retirement plan into an annuity. The offering, called Guaranteed […]

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