This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Financial Engines Income+ Solution Gains Momentum

Financial Engines® (NASDAQ: FNGN), America's largest independent registered investment advisor, today announced strong demand for its Income+ solution with more than 50 signed contracts, totaling over $79 billion in retirement assets to serve the needs of over 900,000 employees. Against a backdrop of continuing economic anxiety for many retirees, some of the largest companies in America have signed on to offer Income+ for employees as they chart their financial futures. And already, nearly $30 billion of those assets are live and rolled-out for more than 340,000 employees. Launched in January 2011, as the first retirement income solution designed specifically for 401(k) plans, Income+ helps protect participants from big losses before retirement and generates steady monthly payouts that can last for life. In addition, Income+ gives near-retirees and retirees the ability to talk to a non-commissioned advisor representative about their total retirement income picture.

“Baby Boomers are facing a new kind of retirement, with decisions that are more complex and a world that is more uncertain than their parents experienced a generation ago,” said Jeff Maggioncalda, president and CEO of Financial Engines. “They are attracted to Income+ because it can create the kind of safe but flexible spending from their investment accounts that is needed in this new reality.”

Income+ empowers employees to make the right decisions at the right time, keeping funds in their 401(k) accounts without locking them into a particular investment such as an annuity. Employees can choose when to start payouts, stop payouts, and take additional withdrawals, so they have full access to their 401(k) savings as needed. Employees can cancel at any time with no fee or penalty.

“At UL, we want our employees to live a financially healthy life while working with us and after they retire,” said Laura Hannan, Director of Benefits at UL – a Fidelity sponsor. “It was a simple choice to select Income+ as an available financial planning strategy for our participants. It allows them to maximize the value of their 401(k) balances and other savings that can provide financial security for life. We hope this will give employees more confidence as they plan for the future.”

Stock quotes in this article: FNGN 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,514.37 +65.12 0.40%
S&P 500 1,879.55 +7.66 0.41%
NASDAQ 4,161.4580 +39.9120 0.97%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs