Guaranteed income strategies have emerged as underutilized methods to not only help people save for retirement but also provide a stream of income to sustain them during potentially longer life spans.
The new study from the Longevity Project in collaboration with Principal Financial Group ® and the Stanford Center on Longevity , explores the implications of longevity in retirement and potential policy and industry recommendations. According to the white paper, Lifetime Income to Support Longer Life: Retirement Innovation and the New Age of Longevity , people entering retirement tend to either overspend and withdraw funds at unsustainable rates, or they […]
Full Post at insurancenewsnet.com