New Jersey Sunset
The Insured Retirement Institute (IRI) has released a report that provides an overview of the advantages and the challenges associated with offering guaranteed lifetime income streams through employer retirement plans. The decline of defined benefit (pension) plans, coupled with the inexperience of most people in managing lump sums received from 401(k) and other defined contribution plans, has meant that there is an opportunity for creative solutions to provide retirement security on a steady basis. The IRI study reaches the following conclusions:
The full report, Guaranteed Lifetime Income Options within Employment-Based Plans: Leveraging Advantages and Overcoming Challenges. is posted on the IRI website.
Blog Author - Ken Felsher
With over 25 years of writing, editing, and research experience. I enjoy sharing with my readers my love of working with content on a variety of subjects.
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