
Tag: guaranteed retirement income

Partial and Deferred Annuitization Makes Sense for Many
A new EBRI analysis shows purchases of a deferred income annuity at age 65 (deferring 20 years with no death benefits) result in an overall improvement in retirement readiness when purchasers annuitize 5%, 10%, 15%, and 20% of their 401(k) balance.
Workers Do Not Believe Social Security and Pensions Will Secure Retirement Income
Instead, pre-retirees are looking to add savings from 401(k) funds, IRAs, and even annuities.
Workers Willing to Pay More for More Generous Retirement Benefits
But less than half are willing to do the same for better health care benefits, Willis Towers Watson learned in a survey.
Investors Want Adviser Discussions to Expand Beyond Risk to Retirement Income
While 80% of investors say their adviser discusses risk tolerance, only 50% say they bring up the subject of guaranteed lifetime income.
Current DC Plan Participants Considering Income Products for Retirement
The Employee Benefit Research Institute’s (EBRI) 28th annual Retirement Confidence Survey (RCS) finds the share of employees who feel very confident in their ability to live comfortably in retirement remains low at just 17%.