Press Release

IRI Releases Updated Retirement Saving and Income Handbook

Issued by Insured Retirement Institute [IRI]

Mar. 5, 2024

WASHINGTON, D.C. – The Insured Retirement Institute (IRI) published an updated Retirement Saving and Income Handbook featuring new content and illustrations showing the value of annuities and an updated glossary of common annuity and industry terms.

This publication, launched last year, is a basic guide to annuity and non-annuity solutions for accumulating and preserving wealth and generating retirement income from investable assets.

“The Retirement Saving and Income Handbook is a valuable resource for financial professionals and support staff,” said Frank O’Connor, IRI Vice President, Research. “Several of our member firms actively use the Handbook as a training tool and ready reference guide for their employees, and we expect to add to and evolve the Handbook annually to ensure continued  value to our members.”

The Handbook introduces annuities on a conceptual level, covering basic features and benefits and showing through simple illustrations how annuities provide protected lifetime income and help preserve wealth. The guide provides basic descriptions of annuity and non-annuity products commonly available to investors directly or through financial professionals.

For each product or solution, a synopsis of common features found in each and a visual representation of how each one functions is provided, and for each annuity solution, an analogous non-annuity solution is shown to put the annuity in a familiar context.

Financial professionals in the retirement industry will find the Handbook a useful resource for understanding and contrasting annuity and non-annuity solutions, training those new to the industry, and satisfying the requirement under the U.S. Securities and Exchange Commission’s Regulation Best Interest to evaluate annuities alongside reasonably available alternatives when making product recommendations.

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