How annuities can enhance retirement income for post-pension clients
March 24, 2026 by Brooke Lacey
Today’s retirees are in a different situation than what future retirees will experience. Many current retirees have a defined benefit (or pension) plan while preretirees will need to rely more on personal savings and a defined contribution plan, such as a 401(k).
“LIMRA research shows more than half of current retirees (52%) with at least $100,000 in investible assets have access to a pension as part of their guaranteed lifetime retirement income. In contrast, just 40% of preretirees report having a defined benefit plan and expect to draw a pension,” Bryan Hodgens, senior vice president and head of LIMRA research, said in a recent LinkedIn Live discussion.