Tag: guaranteed lifetime income

More than any other generation, its members are receptive to in-plan guarantees.

The interim final rule includes assumptions plan administrators must use to calculate estimated lifetime benefit payments to be included on retirement plan participant statements.

One analyst argues the landmark legislation’s lifetime income disclosure requirement may prove to be more influential than the annuity selection safe harbor.

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.

One option is through a profit sharing plan that invests the money in an annuity once a participant retires.

The objective is to educate Americans about the importance of protected lifetime income solutions.

Three-quarters of advisers believe they understand annuities well, yet of that number, 62% say their clients do not.

“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...

While 80% of investors say their adviser discusses risk tolerance, only 50% say they bring up the subject of guaranteed lifetime income.

Forty percent of single retirees overall do not think their savings will be enough if they reach age 90.

Seventy percent believe their advisers have a responsibility to discuss guaranteed lifetime income products with them.