I have expressed concern over Morningstar’s promotion of annuity products. https://commonsense401kproject.com/2026/01/27/morningstar-the-referee-who-designs-the-insurance-playbook/  Recently, Morningstar published an insurance industry-friendly report, “Evaluating Target-Date Strategies With Annuities” https://www.morningstar.com/content/cs-assets/v3/assets/blt9415ea4cc4157833/bltd9e4637261d27afb/6a07705cbf17f75ee4e5f1c6/Evaluating_Target_Dates_with_Annuities.pdf   For years, the retirement industry struggled to push annuities into 401(k) plans. Participants distrusted them. Fiduciaries worried about liability. Regulators remained cautious. Traditional mutual fund structures and SEC accounting rules created … Continue reading Lifetime Income: The Gateway Drug for Insurance Products in 401(k) Plans