State Street Rolls Out New Way to Add Lifetime Retirement Income to Your Target Date Fund
State Street, the world’s fourth-largest asset manager, is joining Annexus Retirement Solutions and Global Trust Company to launch a new series of target-date funds that have a lifetime income product embedded directly in their glide paths. The funds, known as the State Street GTC Retirement Income Builder Series, will allow retirement savers to convert a portion of their savings into a pension-like income stream for life. A financial advisor can help you save for retirement and pick the right investments for your financial plan. “The industry has been stuck in a stale way of thinking, and man...