Anti-Annuity Stance Softening Among Advisors and Investors
December 11, 2018 by Jane Wollman Rusoff
A big 80% of defined contribution plan participants showed interest in putting all or some of their retirement money into guaranteed lifetime income products as either an in-plan purchase or one made at retirement, the 2018 Retirement Confidence Survey found.
Perhaps without realizing it, those individuals ages 25 and older may be talking annuities.
The survey of 2,042 workers and retirees was conducted last January by the Employee Benefit Research Institute (EBRI) and research firm Greenwald & Associates.
It’s indeed possible that the long-established attitude about annuities may be starting to change.
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