Annuities and similar products may help address retirement readiness in an aging workforce People are living longer, which means they may need their retirement savings to last decades. As a result, nearly half (48%) of participants are concerned about outliving their retirement savings. [1] Many Americans don’t know how to transform their savings into retirement income.
Guaranteed income offerings can help ease this concern by providing consistent, predictable payments for life. Research shows a majority of 401(k) participants (75%) are “very” or “somewhat” interested in putting some or all of their savings into a guaranteed income option. [2]
Employers are […]
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