Pink piggy bank on money (Image: Shutterstock) The coronavirus pandemic has clawed into the confidence of Americans approaching or already in retirement, making annuities in retirement plans a popular option, according to a survey released Tuesday by Kiplinger’s Personal Finance magazine and the nonprofit Alliance for Lifetime Income .
Two-thirds of respondents with the option to invest in an annuity through an employer’s retirement plan said they had done so.
Overall, two in five survey participants said they had put or would consider putting a portion of their retirement savings into an annuity that would guarantee a monthly income for […]
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