Retirement Income Review: GLWB/GMWB (CBS Money Watch)

Several companies have started offering guaranteed minimum lifetime withdrawal benefits. Prudential has a GLWB offered in 401(k) plans and Vanguard’s variable annuity with a GLWB rider is available in IRAs and regular investment accounts. Clients will say they’re too good to be true because retirement savings grow when the stock market is doing well and won’t decrease if the market crashes. The market protection is made possible by guaranteeing the income base on the product never falls below the value of the accumulated contributions. Experts say the most cost-effective GLWB products are those that charge around 1% of the benefit value each year for the guarantee.

Read the story.

Related Life Planning Strategies Resources

Powered by

  • What’s hiding in the 2015 Budget?

    Social Security-claiming strategies are relied upon by millions of Americans today. Nevertheless, President Barack Obama’s 2015 Budget wants to take them off the shelf.

  • Planning For Retirement Can Be Very Confusing

    For the first time ever, The Annuity Store is giving you INSTANT ACCESS to a 16 page, consumer facing report, that is designed to help you ease your clients’ uncertainty by presenting detailed solutions to these challenging concerns.


Advertisement. Closing in 15 seconds.