Everyone is pushing lifetime income options for retirees because the fear is that there will be nothing left for retirees as they live longer.
T. Rowe Price announced the launch of Managed Lifetime Income (MLI), a new retirement solution designed to provide retirees in a defined contribution plan with stable and predictable monthly income for life.
MLI combines a managed payout investment from T. Rowe Price with a Qualifying Longevity Annuity Contract (QLAC) from Pacific Life.
