Two major asset managers: Fidelity and State Street have begun offering annuities as an asset choice in 401K plans.
This article from the Wall Street Journal explains this new development. Traditionally, 401K investors have had to roll over their 401K plans
to an IRA rollover or directly to insurance companies to have the choice of annuitizing a portion of their assets
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TODD BLICKENSTAFF
President and Program Chair
Portland, OR Chapter
Co-coordinator Income and Cash Flow SIG Group
American Association of Individual Investors (AAII)
trblick@yahoo.com------------------------------