Employees have historically been unprepared when it comes to retirement but providing a guaranteed source of income could help them combat their financial stress.
Employers have long recognized the need to help their employees prepare for retirement through workplace savings plans. Despite the economic challenges presented by the pandemic, 74% of employers say helping employees secure their retirement is still a top priority, according to the TIAA Retirement Insights survey.
In-plan guaranteed lifetime income options could be one way to help boost retirement savings and help employees reach their financial goals. A lifetime income annuity is a contract with an insurance […]
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