Do variable annuities belong in a retirement plan?
Ultimately, retirement planning can be simplified by focusing on the only two possible outcomes: income and legacy.
Ultimately, retirement planning can be simplified by focusing on the only two possible outcomes: income and legacy.
Guaranteed income strategies have emerged as underutilized methods to not only help people save for retirement but also provide a stream of income.
When the SECURE Act was signed into law in2019, it seemed that plan sponsors would be focused on lifetime income solutions in 2020. Then COVID struck.
Fixed index annuities can be complex financial products, and
Interest rates will eventually rise and when they do, retirement savers will want to be sure that they have diversified their portfolios.
Annuities can be a big help against longevity risk, but these products are complex.
The goals of plan sponsors and participants will help determine which option is best.