Non-Retirees Want Retirement Income Certainty

October 18, 2011 ( - Non-retired Americans are showing a clear desire for guaranteed income in retirement, according to a survey by Allianz Life Insurance Company of North America.

When asked to rate several factors related to creating a more secure retirement, the most popular selection was “having a guaranteed stream of income in retirement” (86%), outranking “having a 401(k)/403(b)/457 plan” (71%).  

When asked to rate their own personal needs, nearly half (47%) of non-retirees rated a guaranteed stream of income as the top retirement need they have yet to acquire in order to feel more secure. This was deemed far more important than the next highest selection – “a job that gives me a 401(k)/403(b)/457 plan” (27%) – and more than twice as important as “having a diverse portfolio of investments” (22%).  

According to a press release, only 8% of non-retirees say they own an annuity, and less than a quarter (18%) have guarantees through a pension. Nearly 40% indicate they own no retirement or investment products of any kind.   

In addition, 26% say they still have no idea what they need to acquire in order to feel their retirement will be secure.