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Next for Defined Contribution: Protected Retirement Income
American Century Investments 
May 15, 2023 "95% of plan sponsors agree employees need help turning their balances into reliable income, and 94% say they should offer income features.... [T]wo-thirds of plan sponsors say they would rather have a guaranteed income option in an existing investment, such as their TDF ... Three-quarters of participants feel it's at least very important to protect all their savings in the event of a market crash.... Three-quarters of participants want 100% control and flexibility with their accounts after retirement." MORE >> |
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