For years, policymakers have promoted lifetime income options as the next evolution of defined contribution plans, the long-awaited bridge between the old pension world and the modern 401(k). On paper ...

Traditional pensions, known as defined benefit plans, have been on the decline since their heyday in the 1960s. Guaranteed lifetime income was a key feature of traditional pension plans. Benefits ...

In our recent annual study on safe withdrawal rates, my colleagues Amy Arnott, Christine Benz, Tao Guo, and I estimated that retirees who want to maintain a consistent spending amount adjusted for ...

As employees struggle with extending their savings well into retirement, a new collaboration between Vanguard and TIAA is set to accelerate retirement security by embedding guaranteed lifetime income ...

Retirees with more guaranteed lifetime income spend more in retirement and do so without worrying about running out of money. The additional spending is meaningful, according to researchers David ...

The U.S. Department of Labor issued an advisory opinion on Tuesday affirming that AllianceBernstein L.P.’s Lifetime Income Strategy meets the criteria to be classified as a qualified default ...

Many 401(k) participants want a retirement plan that provides options for converting savings into guaranteed monthly income, but few plans offer such a choice. Having the option of converting ...

The Labor Department has reversed course on a proposal to repeal the annuity “safe harbor” established under the Pension Protection Act of 2006. The change makes it more likely employers will continue ...

TIAA and Transamerica Corp. announced today a strategic partnership to offer the Nuveen Lifecycle Income CIT Series as a default option for retirement plans recordkept by Transamerica. The solution ...

JPMorgan has joined the growing roster of challengers in the lifetime income arena as its asset management arm unveils its own answer to Americans’ retirement income crisis. JPMorgan Asset Management, ...