A New Kind of Income Annuity
June 20, 2020 by Kerry Pechter
Achaean Financial and Ash Brokerage, a large Fort Wayne, Ind., BGA, are partnering on a potential retirement game-changer: Achaean’s immediate indexed income annuity, couched in Ash’s JourneyGuide planning software. The underwriter has yet to be named.
The first baby boomers reached age 66 eight years ago, but still no one has brought to market a scalable, plug-and-play, broadly appealing retail financial product that middle-class Americans can use to convert savings into pension-like lifetime income streams.