Project LIMA Aims to Solve the Annuity Puzzle

March 4, 2020 by Kerry Pechter

Milliman, the actuarial consulting firm, envisions putting a multi-premium deferred income annuity inside a 401(k) managed account as a way to turn tax-deferred savings into lifetime income. It seeks an asset manager partner.

Let’s assume that most American retirees would be better off with pensions. And let’s assume that most people who want a pension would have to buy it with part of their 401(k) savings. How then would you retrofit the 401(k) system to make that possible?

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Originally Posted at Retirement Income Journal on February 27, 2020 by Kerry Pechter.