Younger Americans are more interested in having a guaranteed retirement income feature in their retirement savings plans than those 45 years of age or older, according to a LinkedIn poll conducted by Prudential Retirement.
The poll was designed to gauge Americans' perceptions of workplace retirement plans. More than 50 percent of respondents said they were very interested in a guaranteed retirement income feature, while 23 percent said they were somewhat interested.
"We know that many Americans are struggling with substantial retirement income challenges today," said James McInnes, senior vice president of product management and development for Prudential Retirement. "These results signal that while many workers are frustrated with the recent market turmoil, they are viewing the markets with a long-term perspective and sticking with retirement planning strategies that involve a guaranteed retirement income feature."
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