Fidelity Investments is promoting the idea that workers should consider a variety of options – including annuities – for generating retirement income.
Fidelity, Boston, a large mutual fund company, has set a month-long, "nationwide initiative" 
with a website at http://www.fidelity.com/incomeanswers.
The program will "help investors and workplace plan participants nearing or living in retirement shift their investment portfolios from a savings focus to an income generating approach to help support their retirement vision," the company says.
Fidelity will be scheduling "200 free, live educational events and seminars," the company says.
Fidelity will use an automated system to give consumers ideas about income strategies, and "each strategy then leads to a model portfolio of products that may include a mix of stocks, bonds and cash, as well as annuities," the company says. "The Evaluator also provides extensive editing capabilities to allow investors to modify the proposed strategies and substitute other retirement income products they might prefer, such as bond ladders, target date and asset allocation funds, managed accounts, and fixed and variable annuities into the strategy."
- Allison Bell
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