Annuity Adoption Challenges In 401(k) Plans

April 27, 2021 by Burke Johnson

Annuity……one mention of that word elicits a wide range of opinions such as guaranteed income, rip off, safety net, or “Suze Orman said annuities are bad.” The truth is that annuities have historically played an important retirement planning role for Americans but have seen limited adoption in employer sponsored retirement plans.

According to the Plan Sponsor Council of America, fewer than 10% of workplace retirement plans offer lifetime income solutions.

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Originally Posted at Advisor Magazine on April 25, 2021 by Burke Johnson.