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Archive | May 9, 2013

Kiplinger’s Retirement Income Tips Touch on the Viability of Guaranteed Annuities

Who doesn’t like a guarantee, especially when it comes to a you-can-count-on-it source of income in the retirement years; more importantly, retirees look for a reliable payout over their lifetime.   Given the economic doldrums of the recent years, it’s no surprise that ‘annuities’ are becoming the one produce that investors look to as that  Full Article…

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Lifetime Income Illustrations and Department of Labor

Earlier this week, the Department of Labor announced they are looking for input regarding lifetime income illustrations given to participants in 401(k)s and 403(b)s.  According to Phyllis Borzi, assistant secretary of Labor for EBSA (Employee Benefits Security Administration), “retirees run the risk of outliving their savings.  If workers have the benefit of seeing how long  Full Article…

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Retirement Plans Offering Guaranteed Lifetime Income

Earlier this week, Wells Fargo Retirement agreed to offer Prudential’s IncomeFlex Target to their 3 million plan participants.   According to Sri Reddy, Prudential Institutional Income senior vice president, “the partnership will enable more and more American workers on a more secure path to and through retirement.”  “This type of innovation is important as people look  Full Article…

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