Vanguard & TIAA Launch New Target Date Fund with Annuity Option
Update: 2025-12-08
Description
Vanguard and TIAA introduce a new target date fund for 401(k) plans, enabling older workers to convert retirement savings into a fixed annuity for guaranteed income. This innovative product, set to launch in 2026, aligns with growing interest in annuities, which saw record-breaking sales in Q2 2025. However, understanding annuity costs, benefits, and fees is crucial before making a decision.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
x
