Stretch Your Retirement Income With Fidelity
Tuesday, October 3rd, 2006Fidelity 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.