New Funds Offer Annuity-Like Payouts But No Guarantees of Mutual Interest

Investors who use target-date funds to put their investments on cruise control until retirement face a common question: How will I manage my money so it holds out once I've stopped working?

A new type of mutual fund could appeal to some investors asking this question. Fidelity Investments, the nation's largest fund manager, this month rolled out a set of funds designed to provide enough of a return to last someone through retirement.

New Funds Offer Annuity-Like Payouts But No Guarantees of Mutual Interest
Source: Insurance News Net
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