Fidelity Launches Innovative Investment Products That Make It Easier to Create Retirement Income That Can Last a Lifetime

Fidelity Investments today launched a suite of new retirement income products and services for individual investors and advisors that can make it easier for retirees to convert their savings into regular, monthly income payments that can last a lifetime.

“Retirees struggle to understand how much of their savings they can comfortably tap each year without placing their future lifestyle at risk,” said Rodger A. Lawson, president, Fidelity Investments. “To alleviate those concerns, we’re launching two innovative products with unique benefits for retirees – a new deferred variable annuity with an income guarantee and a new type of mutual fund designed to provide income replacement. These products meet specific needs in a retiree’s income portfolio, and also can work together to satisfy investor demand for guaranteed income, investment growth, product flexibility and low costs -- a combination of benefits that redefines industry leadership.”

Fidelity Launches Innovative Investment Products That Make It Easier to Create Retirement Income That Can Last a Lifetime
Source: Business Wire