A growing wave of American workers want more than just a large nest egg from their 401(k)s—they want the confidence of knowing they won’t run out of money in retirement, according to a new study.

Retirements are longer and less predictable. The traditional “guaranteed income” foundation is gone. Enter, lifetime income.

As retirement nears, preserving your hard-earned savings while still capturing growth can feel like walking a tightrope. For Utah’s 55-plus investors, fixed and fixed indexed annuities, or FIAs, offer ...