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Majority of Employees Would Welcome Retirement Income Options in DC Plans
planadviser; registration may be required
Nov. 23, 2021 "Nearly twice as many study respondents prefer a plan that offers a mix (49.5%) to a system that uses only investments (26.5%) or only a pension (24%) to provide income in retirement.... Survey respondents were given the ability to select allocations among stocks, safe investments such as bonds and an instrument that provides guaranteed lifetime income, with the total allocation adding up to 100%. Overall, participants placed 35.5% in stocks, 31% in bonds and 33.5% in guaranteed lifetime income." |
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