MarketWatch takes a peek into the future and finds Coming Sook: Fidelity 401k Annuities.
If your company’s 401(k) or 403(b) plan is managed by Fidelity Investments, your employer may soon start offering you the option of buying a lifetime annuity when you retire.
Fidelity, America’s biggest retirement plan provider, on Thursday announced the launch of Guaranteed Income Direct, a product that will allow employers to offer employees multiple annuity options from within the plan.
This is part of a growing trend, following the passage of the 2019 SECURE Act, which made it legally safer for employers to offer annuities.
