Image credit: © Andrii Yalanskyi | Dreamstime.com The need for lifetime retirement income options was a theme and the 2021 NAPA 401k Summit in Las Vegas , something more plan sponsors and participants are aware of and increasingly demanding.
New research released on Monday finds that despite recognizing the importance of income in retirement, participants don’t feel confident in their ability to maximize it.
The Nationwide Retirement Institute’s 2021 In-Plan Lifetime Income survey also found half of participants (50%) are concerned about being able to manage expenses and lifestyle choices in retirement and 48% are concerned about outliving their income.Because […]
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