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Essay Available:
Pages:
3 pages/≈825 words
Sources:
4 Sources
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Essay
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 14.04
Topic:

How Swapping of 401(K) May Benefit Both The Employees and Employers in the Future

Essay Instructions:

Article to use
Simon, J. (2021, December 1). You may soon be able to swap your 401(k) for a lifelong monthly check. Money. https://money(dot)com/annuities-in-401k-fidelity-guaranteed-income/
INSTRUCTIONS: Each student will choose an article during the semester that relates to investment planning. The articles must be no more than six months old. Each proposed report must be submitted in advance in the appropriate Discussion area for review and approval by the instructor. Once approved, that student has exclusive article analysis rights to the approved article. An article can be analyzed only once during the semester.
Writing Your Investment Planning Analysis
The student's Investment Planning Article Analysis must be no more than three pages (850 words) using APA format (see Article Analysis Guidance for details).
You should select your article/topic from legitimate sources, such as publications in the UMGC Library Web databases (primarily from ABI/INFORM and Business Source Complete). Papers should go beyond simply summarizing the topic. You earn points for exhibiting critical thinking or adding value through your superior analysis and relating the article to the real world.
The articles should be from an on-line newspaper or magazine. Materials posted on educational websites, like www(dot)thebalance(dot)com, www(dot)khanacademy(dot)org , and so on, are not considered news articles even if they were recently updated and contain material related to the term paper topic.
Submitting Your Investment Planning Analysis in the Assignment Folder.
Papers are to be completed and submitted to your Investment Planning Article Analysis Assignment Folder at the end of Week 4 by 11:59 PM ET.
Written projects must be:
typed, double-spaced, in 12-point Times New Roman or Arial font, with margins no wider than one inch have footnotes or endnotes, with correct citations
have a bibliography of sources used include, for each entry, the author, title, city and state of publisher, publisher's name, year, and page numbers
prepared using word processing software (Microsoft Word preferred), in a manner similar to the preparation of a written assignment for classroom submission

Essay Sample Content Preview:

Article Analysis
Student's Name
Institutional Affiliation
Course Name and Number
Professor's Name
Date
Article Analysis
The article “You May Soon Be Able to Swap your 401(K) For a Lifelong Monthly Check” by Javier Simon, which was published on December 1, 2021, by the Money website; is a perfect example of how the 401(k) retirement plan could be revolutionized in the next few years(Simon, 2021). In this article, the author takes an analytical approach to outline how several annuities may be enrolled in the 401(k) plan as several financial institutions have adopted platforms that will offer them (Simon, 2021). In the past few years, most workers have benefited from the 401(k) provisions in earning their retirement income, but this has had several challenges, such as the limited options granted by this plan (Gilmore, 2022). Therefore, as Simon indicates in this article, there is a probability that in the future, most of the investment facilities and financial institutions could implement new strategies that ensure that individuals earn annuities in their 401(k) plan. In this article, the author quotes the example of Fidelity Investments based on the newly rolled platform dubbed the Guaranteed Income Direct Platform. According to the author’s sentiments, this platform will enable savers to accumulate a stream of predictable monthly incomes in their accounts (Simon, 2021).Therefore, in this paper, the “You May Soon Be Able to Swap your 401(K) For a Lifelong Monthly Check” article by Simon will be analyzed based on how the concepts may benefit both the employers and employees in the future towards securing their appropriate benefits returns.
In his analysis on how annuities might be coming into the people’s 401(k), Simon analyzes how adopting these new platforms by retirement institutions may benefit both the employers and employees. For example, the current provisions of the 401(k) plan usually limit companies from selecting insurers of their choice (Kurshan, 2022). Based on the current plan, employers could get an opportunity to choose their preferred insurers (Simon, 2021). In addition to this, the employers who will participate in this plan will benefit from several other options, such as accessing several retirement-income educational resources and other digital tools. The author of this article makes a great move by analyzing the stats for the employees who have retirement benefits in the Fidelity investment and evaluating the benefits these participants could benefit from adopting this option. Based on the article, approximately 8 million workers earn their retirement incomes through Fidelity investments (Simon, 2021). These workers could benefit from this platform. Their employers will no longer have to choose an annuity option for the employees nearing their retirement as the platform will offer them an automatic, predictable monthly income.
Based on the current situation where most economies are affected by rampant inflation, this co...
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