Insights | 09.28.21
Plan Sponsors Want More Information on Guaranteed Lifetime Income Solutions
A Nationwide survey found 88 percent of retirement plan sponsors and participants agree that income in retirement is vital to financial security. And eight in 10 retirement plan sponsors say participants want guaranteed lifetime income investment options. The growing interest may be tied to a lack of financial confidence for many participants. Half of the participants surveyed stated that they have concerns about managing expenses and lifestyle choices in retirement, and 48 percent are concerned about outliving their income.
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