Protecting Our Aging Retirees: Converting 401(K) Accounts Into Federally Guaranteed Lifetime Annuities

The retirement benefits can be paid out as a guaranteed fixed annuity (subject to inflation risk), or based on the investment results of a variable annuity's separate

1 The expected retirement income for the traditional 401(k) account is determined by converting the retirement balance into an annuity at the post-retirement return rate for 15

Voya Lifetime Income is a single premium deferred fixed annuity. It provides a minimum guaranteed contract value and includes an index linked minimum guaranteed withdrawal

While an annuity is designed to provide investors with a regular guaranteed income and not on-call access to capital, a CommInsure Lifetime Annuity offers a Withdrawal Benefit

You should only purchase the New York Life Clear Income Fixed Annuity if you intend to receive payments under the Guaranteed Lifetime Withdrawal Benefit Rider.. The

Step­up feature 

Source: LIMRA, Indexed Annuity Guaranteed Lifetime Withdrawal Benefit Elections Survey.. SM

As previously noted, a guaranteed lifetime income or withdrawal benefit is typically optional on a fixed annuity, and it is added to the annuity by a rider.. Whereas the annuity has