Retirement Income Services Enhancements

Resources to help your employees as they transition to retirement

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Making sure your employees feel prepared for the transition to retirement and providing them with resources for life-long financial wellness are priorities for us.

That’s why, we continue to invest in the retirement income services we offer. We’re excited to share some of our most recent developments and tools that you may use to help better support your employees as they transition to retirement.

First, we’re excited to announce the launch of Guaranteed Income Direct – a simple and flexible way for employees to purchase a guaranteed stream of lifetime income payments directly from their plan. Employees have the ability to convert a portion of their 401(k) or 403(b) savings into a guaranteed lifetime income stream by purchasing an annuity through a 3rd party provider selected by the employer.

Guaranteed Income Direct

By adding this option to your retirement plan, you’ll help your employees feel more secure in retirement. Guaranteed Income Direct:

  • Helps keep employees from outliving their retirement savings
  • Helps keep their investment safe from market swings
  • Provides a guaranteed stream of income for life or as long as they need it
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To learn more about the benefits of adding guaranteed income to your plan, please [watch our video].Watch Video Screen Image

Additionally, we’ve made enhancements to our existing Retirement Decision Guide – a digital tool that helps employees generate a personalized pathway to retirement and provides resources to help them make informed decisions around topics most important to them. We added the Retirement Income Calculator and the Health Insurance Before Medicare Planner into the experience, so employees have the ability to plan their monthly income while living in retirement and better understand their health coverage options before Medicare.

Retirement Income Calculator

The Retirement Income Calculator is a digital tool that helps employees understand what their monthly income could look like in retirement. The tool helps employees:

  • Estimate how much money they could have in retirement
  • Explore how different strategies could impact their income including income from social security, pensions, and annuities
  • Make informed decisions around income in retirement through additional education
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Health Insurance Before Medicare Planner

The Health Insurance Before Medicare Planner is a digital tool that helps employees understand their health coverage options before they are eligible for Medicare. The tool helps employees:

  • Understand which coverage options they are eligible for
  • Estimate costs for each option including premium tax credits
  • Assess cost strategies that may help bridge any income gaps before Medicare
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If you have any questions about our Retirement Income Services including Guaranteed Income Direct or these new NetBenefits® enhancements, please contact your managing director.

Additional Resources:

Please reference the info below to learn more:

- Guaranteed Income Direct One Pager
- Retirement Decision Guide One Pager
- Retirement Income Calculator One Pager
- Health Insurance Before Medicare Planner One Pager
- Retirement Income Education Participant toolkit

***Before investing in any mutual fund, consider the investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.***

Although some content herein reflect currently available functionality, others discussed are concept designs being considered for future development. Fidelity reserves the right to modify or cancel any concept designs being displayed. This information should not be construed as an offer to sell or a solicitation to buy any product or service.

Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.

Past performance is no guarantee of future results.

Diversification and asset allocation do not ensure a profit or guarantee against loss.

Annuity guarantees are subject to the claims-paying ability of the issuing insurance company.

In order to provide an income stream, there is no or limited access to assets.

Fixed annuities available through Guaranteed Income Direct are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. A contract’s financial guarantees are solely the responsibility of and are subject to the claims-paying ability of the issuing insurance company.

Income annuities available as plan distribution options are selected by the plan’s fiduciaries and sold and issued by third-party insurance companies which are not affiliated with any Fidelity Investments company. Fidelity Health Insurance Services, LLC (“FHIS”) may receive a fee from the issuing insurance company; however, FHIS does not directly or indirectly solicit, negotiate, or sell any annuities available as plan distribution options. A contract’s financial guarantees are solely the responsibility of and are subject to the claims paying ability of the issuing insurance company.

Information provided in this document is for informational and educational purposes only. To the extent that any investment information in this material is deemed to be a recommendation, it is not meant to be impartial investment advice or advice in a fiduciary capacity and is not intended to be used as a primary basis for you or your client’s investment decisions. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in this material because they have a financial interest in them, and receive compensation, directly or indirectly, in connection with the management, distribution, and/or servicing of these products or services, including Fidelity funds, certain third-party funds and products, and certain investment services.

Screenshots and graphics are for illustrative purposes only. Although some screenshots reflect currently available functionality, others may show concept designs being considered for future development. Fidelity reserves the right to modify or cancel any concept designs being displayed. This information should not be construed as an offer to sell or a solicitation to buy any product or service.

FOR PLAN SPONSOR AND INVESTMENT PROFFESSIONAL USE ONLY.

Approved for use in Advisor and 401(k) markets. Firm review may apply.

Fidelity Health Insurance Services, LLC 245 Summer Street, V4C Boston, MA 02210-1129 Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

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