Annuities in DC Plans

A recent buzz in the retirement plan marketplace involves 'pensionizing' defined contribution plans.  A few insurance companies have rolled out products that allow plan participants in effect to purchase defined benefit credits over the course of their career, then receive a guaranteed income stream during retirement. These products are varied and still evolving. This article from PLANADVISER Magazine highlights a few of the products currently available.  If you have any questions or comments, please e-mail at bradb@innovestinc.com.