Market Volatility Caused By Pandemic Expands Interest In Annuities
January 4, 2022 by WTVR- TV (Richmond VA(
Fidelity Investments recently introduced a new Guaranteed Income Direct platform that companies can offer to employees. The annuity stays within the company, allowing savers to take the money in their 401k and turn it into monthly payments for life, no matter what happens to the market.
“It is basically transferring those assets over to the insurance company with a promise that they will make the lifetime income payments throughout that person’s lifetime,” said Keri Dogan with Fidelity Investments.