Stretch Your Retirement Income With Fidelity
Fidelity Investments is offering employers a way to help workers stretch their savings by locking in a steady income stream. This is in response to the risk many Americans face of running out of money during retirement. Reuters.com reports:
Fidelity’s so-called Lifetime Income Solutions annuity selections program is being offered at a time when American retirement savings rates are low and many companies are abandoning the pensions millions of Americans had long relied on to live comfortably after leaving their jobs.
Read more: Fidelity offers way to stretch retirement income
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