Insurance Among Strategies Needed For Lifetime Retirement Income, AllianceBernstein Says

July 18, 2023 by Edward Hayes

While retirement income planning has been helped by reforms such as auto 401(k) enrollment, AllianceBernstein says in a new report that advisors and their clients need to use insurance and other strategies to ensure sustainable retirement income.

While legislation such as the SECURE Act and SECURE 2.0 made it easier for plan participants to invest in their respective 401(k) plans, U.S. workers still struggle to save enough money to last through retirement, the company says in a new research paper that offers a framework for sustainable income.

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Originally Posted at Financial Advisor on July 13, 2023 by Edward Hayes.