The Growing Interest in Guaranteed Income Options

The Growing Interest in Guaranteed Income Options

More employers are starting to question whether traditional target-date funds—the default retirement-plan option for millions of Americans—are setting up employees for success after they stop working, according to TIAA’s newly released 2022 Retirement Insights Survey.

The survey, which polled more than 1,500 employers and employees, revealed that 66% of employers feel TDFs will help employees meet their retirement income needs, down from 78% in 2020.

Employers are also increasingly concerned about their employees “not saving enough for retirement” (66% in 2022 vs. 57% in 2020) and “risking outliving their savings” (63% in 2022 vs. 58% in 2020). Almost three-quarters of employers […]

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