Image Credit: © Szefei | Dreamstime.com Participants would rather opt into in-plan retirement income features versus out-of-plan guaranteed income options, finds new data from Invesco’s latest 2024 Defined Contribution (DC) Participant Pulse survey.
The findings show that 54% of survey participants would feel better about keeping money in their employer’s plan after retiring, so long as they obtain access to a monthly payout feature. Furthermore, when asked to choose between receiving messaging about flexibility or a built-in guarantee of a target-date fund (TDF), 67% say they prefer communications about flexibility.
While they value the idea of a guaranteed income option, many […]
Full Post at 401kspecialistmag.com