About

In the past, if you wanted to guarantee your income in retirement, you could pay a large of chunk of money to buy an immediate fixed annuity when you stopped working, and you would receive a check a month, for life.

But, handing one hundred thousand dollars or more over to an insurance company is easier said than done.

Now, you have a new choice known as a 401k annuity or a fixed deferred annuity.  With this option, you can put the money in bit by bit over time throughout your career. With 401k annuities, each of your 401k contributions buys a dollar amount of retirement income, which varies based on your age and interest rates when you invest.

To date, only a handful of employers have have rolled out 401k annuities, but they are expected to be widely available in a few years. This site exists to help you understand 401k annuities and decide if one is right for you.