Employers that are seeking to hire workers in a competitive market for talent might benefit from juicing up their 401(k) with retirement income, a recent report suggests.
TIAA, which has long provided in-plan annuities, commissioned a survey in May among about 1,000 people age 27 to 75, finding that 70% said they would opt for a job that includes a lifetime income option over a similar role that does not. Similarly, about three quarters of people said having such a feature available would encourage them to stay at an employer, or conversely make them considering leaving a job, if that […]
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