By 2018 more than a third of retirement assets will be parked in IRAs, accelerating a trend seen in recent years, Cerulli reported.
The movement of funds from employer-sponsor defined benefits plans is natural result of aging baby boomers looking for ways to generate income needed as they live out their retirement years.
"The lack of widespread use of in-plan retirement income solutions means assets accumulating in a defined contribution plan will eventually shift to an IRA," said Bing Waldert, director at Cerulli, in a statement.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.