Is there a relationship between owning an annuity and how likely a DC participant is to trade their account during times of market turmoil?
There has been a significant increase in interest surrounding guaranteed income, especially for defined contribution plans recently. However, uptake of annuities in DC plans has been relatively slow despite innovations in the space and a growing agreement regarding their potential value.
Products that offer guaranteed income, such as annuities, have the potential to radically simplify the income decision process for retirees. What is less clear, though, is if there’s any relationship between owning an annuity and how […]
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