There needs to be more education and a change of thought to help 401(k) plan sponsors and participants accept the income-generation value of annuities
Advisers should be educated about annuities and how to analyze them to help plan sponsors decide the best products to use.
Orford Initiative's latest findings found advisers play a key role in recommending annuities, but face barriers in doing so.
If you don’t meet the requirements to retire on an immediate annuity, you may apply for a deferred annuity.