More Than Half Of U.S. Workers Interested In Guaranteed Income

April 29, 2020 by Staff

According to the new Secure Retirement Institute study, more than half (56%) of U.S. workers are interested in investing in a guaranteed lifetime income option within their employer’s retirement savings plan if it was available to them.

Of those who are currently saving in their employer’s defined contribution (DC) plan, 61% say they would be somewhat or very likely to contribute to a guaranteed lifetime income investment option.

Prior to the SECURE Act of 2019 being passed, there were significant factors hampering in-plan guarantee adoption. 

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Originally Posted at InsuranceNewsNet on April 21, 2020 by Staff.