Thank you for sharing!

Your article was successfully shared with the contacts you provided.

With the gradual disappearance of the guaranteed-for-life payouts from defined benefit pensions, plan sponsors have been searching for investments that would help their participants make sure their 401(k) savings don’t expire before they do. Until recently, the hunt yielded few solutions aside from variations of traditional annuities. But don’t give up hope. A new breed of guaranteed minimum withdrawal benefit (GMWB) plans is emerging that ties the guaranteed lifetime withdrawal benefits of an annuity to the popular target fund approach and produces an investment option for older workers.

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.