A growing wave of American workers want more than just a large nest egg from their 401(k)s—they want the confidence of knowing they won’t run out of money in retirement, according to a new study.
For years, policymakers have promoted lifetime income options as the next evolution of defined contribution plans, the long-awaited bridge between the old pension world and the modern 401(k). On paper ...
During a recent webinar hosted by Nuveen, panelists made the case for in-plan lifetime income options, and discussed how private markets could be integrated into plan menus.
In welcome news for plan sponsors and other fiduciaries considering lifetime income solutions for their defined contribution (“DC”) plans, the Department of Labor (“DOL”) recently issued Advisory ...