As more employers and their employees prioritize financial wellness , a new study finds both groups are also increasingly interested in guaranteed lifetime income investment options.
Nationwide Retirement Institute’s “2021 In-Plan Lifetime Income” survey found nearly nine in 10 plan sponsors and participants (88%) agree that income in retirement is vital to financial security. And eight in 10 retirement plan sponsors say participants want guaranteed lifetime income investment options.
The growing interest may be tied to a lack of financial confidence for many participants, Nationwide says. Half of the participants surveyed stated that they have concerns about managing expenses and lifestyle […]
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