It's no secret that as the cost of guaranteed Defined Benefit (DB) plans increased for employers; new ways, such as Defined Contribution (DC) plans were created to reduce costs, and unfortunately are not guaranteed. But employees, in order to secure their retirement funds, are left to invest for themselves and ride the uncertainties of the markets.
A new report from TIAA, Separate facts from perception: The valuable role that in-plan annuities can play in retirement SECURE-ity, sheds light on how annuities can provide peace of mind for workers as they approach retirement.
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