Advisor Sales Strategies

The Hartford has launched a new patented income solution delivered through 401(k) plans that will provide participants a guaranteed income stream for life.

A recent survey by the Plan Sponsor Council of America shows 401(k) participants are increasingly using new plan investment features, while usage of hardship withdrawals and loans remain low despite their wide availability.

With 7,000 baby boomers turning 65 each day, and lump-sum defined benefit plans becoming rare, more pre-retirees are destined to seek assured income sources.

Vanguard announced it will add a new fund to its Target Retirement Funds in 2012. It also plans to merge its Vanguard Target Retirement 2005 Fund and its Vanguard Target Retirement Income Fund, since their asset allocations have become nearly identical.

2011 was shaping up to be a washout for the stock market just two weeks ago. Now, it's within shouting distance of its biggest comeback in nearly three decades.

John Hancock Financial Network plans to launch a new retirement income program designed to help financial professionals and advisors in its network maximize sustainable retirement income for their clients and potentially minimize the risks clients face.