BlackRock, the giant asset manager, is adding a lifetime income dimension to its LifePath target date funds by partnering with Brighthouse, Equitable and Voya on a service that will help 401(k) participants buy individual immediate annuities at retirement.
Here, by popular demand, I offer a 10-minute tour of annuity products, using the same classification system that I used when writing Annuities for Dummies.
'AiPEX with Watson simulates a team of thousands of analysts and traders working around the clock,' according to a release this week.
'The outlook remained highly uncertain and most contacts were pessimistic about the potential pace of recovery,' the Federal Reserve's latest Beige Book said. Photo: Fed chairman Jerome Powell.
'About one-third of companies expect a negative 10-year treasury rate at the end of 2020 in their worst case scenario,' according to a high level life insurance industry report.