"INCOME BLUEPRINT" FOR RETIREMENT PLAN FIDUCIARIES LAUNCHES
KANSAS CITY, Mo., Sept. 20, 2022 /PRNewswire/ -- American Century Investments® has launched Income Blueprint, a first-of-its-kind online tool to help retirement plan fiduciaries implement a prudent process to evaluate and choose in-plan guaranteed income products for their clients in line with the recently passed SECURE Act's guidance. The Income Blueprint tool simplifies the complex world of available products and generates a customizable report that compares and scores each one according to plan preferences.
- The Income Blueprint tool simplifies the complex world of available products and generates a customizable report that compares and scores each one according to plan preferences.
- The Income Blueprint comes at a time of high interest from plan participants, combined with a safe harbor and portability provisions included in the SECURE Act, according to Glenn Dial, American Century senior retirement strategist.
- "Overall, interest is high, with 76% of respondents in our 2021 retirement survey showing interest in investment options specifically designed to help them draw income from their plan savings during retirement."
- "As rising demand and high interest lead more retirement fiduciaries to consider in-plan retirement income options, they need clarity to make the best selections and confidence that they've fulfilled industry regulations and maintained their safe harbor," added Rick Luchinsky, American Century's co-head of Intermediary Distribution.