Wednesday, March 17, 2010
Momentum for Annuities in 401(k)s Builds
More retirement think tanks are getting on board with the idea of including annuities in 401(k) plans, but so far, only a handful of large employers have this as an option... “They are complicated,” Alicia H. Munnell, director of the Center for Retirement Research at Boston College explains. “And [if] you hand over a bunch of your hard-earned cash and go out on the street and get hit by a bus, it’s gone.”
Further, investors are afraid an insurance carrier could go out of business, and plan sponsors don’t like the administrative headache of switching annuity investments when workers change jobs, added Robyn Credico, a consultant with Towers Watson...
Financial Planning: Momentum for Annuities in 401(k)s Builds
Further, investors are afraid an insurance carrier could go out of business, and plan sponsors don’t like the administrative headache of switching annuity investments when workers change jobs, added Robyn Credico, a consultant with Towers Watson...
Financial Planning: Momentum for Annuities in 401(k)s Builds
Permalink posted by markw @ 4:41 AM 
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