401k Annuities Gaining Popularity

People are always looking for safer investment options that lower the risk of outliving their retirement savings. While owning a diversified portfolio is a good long-term strategy, workers worry that market volatility like the dot.com bust will damage their nest eggs. Read more

Annuities in 401k Plans

Many employees cringe when they hear the terms “variable annuity” and “401k plan” in the same sentence. Variable annuities often have high fees and lock-in periods. However, 401k annuities are not your typical variable annuity products. They are specifically designed to act as an investment option within a 401k plan, and thus, there is no lock in period. Read more

Drawbacks to 401k Annuities

Financial services firms that offer 401k annuities believe they’ll become as popular as target retirement funds, which let workers invest in a set portfolio of mutual funds. But before that happens, some wrinkles need to be ironed out. Read more

Advantages of 401k Annuities

If, in retirement, you want to collect guaranteed income in the form of a predictable pay check for the rest of your life, you’ll need to purchase an annuity. Purchasing an annuity through your 401k plan offers some advantages not available in a traditional annuity. Read more

Introduction to 401k Annuities

401k annuities might calm your retirement fears. Many people have a hard time figuring out how much they can afford to withdraw from their savings when they retire. Take out too little, and you might have trouble paying the bills. Take out too much, and your savings could expire before you do. Read more