Guaranteed income tops boomers’ retirement wish list

April 9, 2018 by Mary Beth Franklin

Monthly guaranteed income is the most important single trait that aging baby boomers look for in a retirement investment, ranked No. 1 or No. 2 by 41% of participants in the latest annual survey of retirement expectations and preparedness conducted by the Insured Retirement Institute.

The eighth annual update of boomers’ retirement expectations showed some marked improvement in key retirement readiness factors, such as increasing account balances due to market gains and aggressive saving by some of those who are still employed. About 40% of the more than 800 respondents classified themselves as fully retired.

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Originally Posted at InvestmentNews on April 9, 2019 by Mary Beth Franklin.