06.23.25

Annuities in 401(k)s? Savers Show Interest

by: Elijah Nicholson-Messmer

According to a survey from Nuveen and the TIAA Institute, 93% of respondents believe workplace plans should offer participants the option to convert a portion of their savings into guaranteed lifetime fixed monthly income. A majority of workers are open to fixed income annuities as a means to achieve that. Just over 50% of workers said that it would be "somewhat valuable" to include fixed annuities in 401(k) plans, while 41% said it would be "very valuable."

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