With LDI, DC Plans Can Address Individuals’ Retirement Obstacles
Americans in LIMRA Survey Prefer Lifetime Income Over Lump Sums
More than half say they would prefer guaranteed income of $660 a month over a $120,000 lump sum, LIMRA SRI found in a survey.
Exploring How Sponsors Can Offer Guaranteed Lifetime Income
One option is through a profit sharing plan that invests the money in an annuity once a participant retires.
24 Financial Service Companies Form Alliance for Lifetime Income
The objective is to educate Americans about the importance of protected lifetime income solutions.
Advisers Want Improved Annuity Options for Clients
Three-quarters of advisers believe they understand annuities well, yet of that number, 62% say their clients do not.
New Plan From OneAmerica Offers Participants Guaranteed Lifetime Income
“OnePension is a good fit at the workplace for plan sponsors wanting to provide participants an annuity (guaranteed lifetime income) to ensure that employees, once their working career is finished, have retirement income,” says Pete Welsh, vice president and managing principal, OneAmerica Retirement Services.
Single Female Retirees Worry the Most About Longevity Risk
Forty percent of single retirees overall do not think their savings will be enough if they reach age 90.
Nearly Three-Quarters of Americans Value Guaranteed Income
Seventy percent believe their advisers have a responsibility to discuss guaranteed lifetime income products with them.