BLOGS. May 19, 2023
Guaranteed Income in Retirement Plans: Will You Be Able to Keep Up?
The largest retirement plan provider in the U.S. and the fourth largest asset manager in the world recently announced that they will incorporate annuities into their retirement offerings. Fidelity will allow some plan participants to convert savings into guaranteed investment products, while State Street Global Advisors will embed such products into some of its target date funds (TDFs). CNBC reports that BlackRock offers annuities in its TDFs. Income America, Nationwide and Lincoln Financial have also come to market with guaranteed income solutions.
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