Fidelity to help participants buy income annuities

November 30, 2021 by Editorial Staff

Guaranteed Income Direct,” a new service from retirement plan giant Fidelity Investments, allows Fidelity plan participants to convert a portion of their 401(k) or 403(b) savings into an immediate income annuity to provide pension-like payments throughout retirement, a Fidelity release said. 

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Originally Posted at Retirement Income Journal on November 25, 2021 by Editorial Staff.