Creating dependable streams of retirement revenue is without doubt one of the most necessary parts of an individual’s monetary plan. A retirement business large says it now has a brand new method for retirees to fulfill this important problem.
Constancy Investments plans to launch a brand new product subsequent yr that may enable people to shift a portion of their employer-sponsored retirement plan into an annuity. The providing, referred to as Assured Earnings Direct, will allow members of 401(ok) and 403(b) plans to transform their retirement financial savings right into a assured stream of retirement revenue akin to pension payouts.
Constancy’s product is just not the primary of its form. Because the passage of the