Guaranteed Income – Employee Education Toolkit

While your employees may have worked hard to save for retirement, many are still concerned about having enough—and having a steady stream of income to cover their expenses through their lifetime. If there is a gap, a guaranteed income annuity can help.

According to a recent study, people who have a guaranteed income annuity as part of their retirement income plan actually tend to feel more secure in retirement.1 And here’s why:

  • No outliving their savings
  • Are protected from market swings
  • Initial investment may not be taxed (monthly payments are taxed as income)2

The Guaranteed Income Estimator on NetBenefits®

This tool allows your employees to estimate what their monthly income could be with a guaranteed income annuity. It helps to:
• Compare their monthly income across several income annuity types and features
• View their cumulative income over time
• Learn more about creating and protecting their future income
• Take the first step toward securing their income in retirement

 GIEstimator Image 350 pixels                     (Screen shots for illustrative purposes)

Offering access to guaranteed income options (in or outside the plan) is a way for you to help your employees successfully transition into retirement.

Download and share with your employees:

Email
Reach out to employees about the benefits of guaranteed income.

Video
Provide engaging, education on annuities and how they could become part of their retirement income plan.

Flyer / One Pager
Share an overview of the Guaranteed Income Estimator with employees.

Newsletter / Blog post
Post about how your employees can estimate their monthly guaranteed income in retirement.

Please note: The Guaranteed Income Estimator is only available for plans who have the tool enabled.

By using these communications, you represent that you are an authorized representative of the organization for which you are copying, distributing, posting, or otherwise using the Fidelity-prepared communications attached here, and you accept these terms and conditions on behalf of the organization.

FOR PLAN SPONSOR AND INVESTMENT PROFESSIONAL USE ONLY.

1 “Retirees Who Own an Annuity Are More Confident.” Limra Research, 2018.

2 Depending on where you live and the assets you use for the annuity, you may not be taxed on the initial purchase—you'll pay income tax on the money you receive each month.

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

Income annuities have limited or no access to assets.

Withdrawals of taxable amounts and taxable income received from an annuity are subject to ordinary income tax. Withdrawals of taxable amounts taken before age 59½ may be subject to a 10% IRS penalty.

Fixed income annuities may be offered as distribution options from retirement plans to eligible participants or purchased outside of the plan. Annuities available as distributions from retirement plans are selected by the plan fiduciary and subject to the terms of the plan. The forms of annuity payout may be subject to requirements imposed by the Internal Revenue Code.

Fixed annuities available at Fidelity for purchase outside of a retirement plan are issued by third-party insurance companies, which are not affiliated with any Fidelity Investments company. These products are distributed by Fidelity Insurance Agency, Inc., and, for certain products, by Fidelity Brokerage Services LLC, Member NYSE, SIPC.

Fidelity does not provide legal or tax advice. The information herein is general in nature and should not be considered legal or tax advice. Consult an attorney or tax professional regarding your specific situation.

Fidelity Brokerage Services LLC, Member NYSE, Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917

© 2022 FMR LLC. All rights reserved.

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