Retirement savings plan participants are seeking more income and better resources for financial wellness and education, according to a study by J.P. Morgan Asset Management.
The survey of 1,503 direct-contribution plan participants found that 77% of them are concerned about creating a steady retirement income stream, even while less than half have calculated their savings needs.
Ninety percent expressed interest in in-plan solutions that provide guaranteed income."While it’s no surprise that participants seek retirement income support, it’s particularly noteworthy that guaranteed income options are highly attractive and can even motivate increased savings," Alexandra Nobile, a retirement strategist at J.P. Morgan Asset […]
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