Firms Launch an Alternative to Annuities to Attract Retirees

Investment managers are developing lower-cost alternatives to annuities to help customers — and advisors — spend their savings after retirement... Fidelity Investments and Vanguard Group have both rolled out products designed to manage retirement savings and parcel them out in monthly increments, and Brinker Capital is working on one...

BIC: Firms Launch an Alternative to Annuities to Attract Retirees
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