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In the Future, the Bias Will Likely Be for Annuities


In the Future, the Bias Will Likely Be for Annuities
For now, sources say there needs to be more education and a change of thought to help 401(k) plan sponsors and participants accept the income-generation value of annuities.
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Art by James Yang
Although both employers and their employees see the value of guaranteed lifetime income options, differences appear among 401(k) and 403(b) providers when it comes to retirement plan design, according to a survey by TIAA.
The survey found 403(b) plan sponsors are more likely to see income replacement as the biggest influence on their plan decisions (46% vs. 30% of 401(k) plan sponsors) and to consider the retirement income replacement ratio (41% vs. 21%) and retirement readiness (37% vs. 19%) as key metrics of their plan’s success. 403(b) sponsors (82%) are also more likely than 401(k) sponsors (67%) to believe their participants are extremely/very interested in guaranteed lifetime income annuities. ....

Tim Walsh , Setting Every Community Up For Retirement Enhancement , Retirement Services , Tiaa Cref , Internal Revenue Code , Retirement Enhancement , Social Security , நேரம் வால்ஷ் , அமைப்பு ஒவ்வொன்றும் சமூக மேலே க்கு ஓய்வு விரிவாக்கம் , ஓய்வு சேவைகள் , தீயா கிரேப் , உள் வருவாய் குறியீடு , ஓய்வு விரிவாக்கம் , சமூக பாதுகாப்பு ,