Retirement Income, Longevity Risk and Liquidity Needs— Striking a Balance

October 23, 2024 by Ted Godbout

A drawdown withdrawal strategy paired with guaranteed income from a deferred annuity can provide a high level of retirement income, while maintaining adequate liquidity for retirees. So argues a new white paper by T. Rowe Price.

The paper comes as conversations about retirement have been dominated by the saving or accumulation phase, but the emphasis for DC plans is shifting to the decumulation phase. As such, retirement income is the next “big problem” for the industry to solve, according to T. Rowe Price’s “Drawdown with annuities can balance retirement income and liquidity.”

Click HERE to read the full story via ASPPA

Originally Posted at ASPPA on October 14, 2024 by Ted Godbout.