Industry News

News > Industry > 2019-Industry > Annuities Need to be a 401(k) Default

Annuities Need to be a 401(k) Default

By Alicia H. Munell

My colleagues and I are beginning to think seriously about embedding annuities in 401(k) plans.

Now, 401(k) plans generally offer lump sums, which means that retirees have to decide how much to withdraw each year. They face the risk of either spending too quickly and outliving their resources or spending too conservatively and consuming too little. They also must consider how to invest their savings after retirement. These are all difficult decisions.

Read Full Article:
Annuities need to be a 401(k) default

Industry News Archives

Get a Quote Today