Wednesday, October 04, 2006
Fidelity Offers Way To Stretch Retirement Income
Fidelity Investments is offering employers a way to help workers stretch their savings by locking in a steady income stream as more Americans risk running out of money during retirement, the company said on Tuesday.
The world's biggest mutual fund company, which manages more than $1.3 trillion in assets and has $2.7 trillion in assets under custody, now lets investors in a company's 401(k) plan convert part of their money into an annuity that pays out a portion over time when they are ready to retire.
Fidelity Offers Way To Stretch Retirement Income
Source: Reuters
The world's biggest mutual fund company, which manages more than $1.3 trillion in assets and has $2.7 trillion in assets under custody, now lets investors in a company's 401(k) plan convert part of their money into an annuity that pays out a portion over time when they are ready to retire.
Fidelity Offers Way To Stretch Retirement Income
Source: Reuters
Permalink posted by armandn @ 11:21 AM 
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