As pension plans fade, today’s investors may want to look to annuities to bridge the retirement gap, one expert said.
“My father’s generation, a huge amount of people had a pension payout,” said John Schlifske, CEO at Northwestern Mutual, a financial firm. “Now of course, unless you’re a public sector worker, it’s almost impossible to find a pension plan that provides guaranteed income in retirement.”
At a time when the future of Social Security is uncertain, with some experts predicting reduced payouts after 2031, Schlifske said people will flock to annuities to bridge that gap. At a time when the future […]
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