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KANSAS CITY, Mo., March 3, 2021 /PRNewswire/ A consortium of leading retirement firms that includes American Century Investments,Lincoln Financial Group, Nationwide, Prime Capital Investment Advisors, SS&C Technologies, Wilmington Trust, N.A. and Wilshire today announced the launch of a new in-plan target date series with guaranteed income for life designed to help retirement plan participants transition from the accumulation phase of retirement investing to the decumulation stage. Called Income America
TM 5ForLife, this new solution, which is designed to be used as a plan s Qualified Default Investment Alternative (QDIA), strives to address one of the most pressing issues for those at or near retirement: the need for guaranteed monthly retirement income.