With so many boomers concerned about whether they’ll outlivetheir assets in retirement, it’s probably no surprise that they’dbe interested in converting assets into guaranteed lifetime incometo see them through.
And that’s exactly the word from the “Finding the Right Mix:LIMRA Retirement Attitudes and Preferences” study, from the LIMRASecure Retirement Institute. The study found that half of all U.S.households of non-retired and retired people who have at least$100,000 in assets are interested in converting assets intoguaranteed lifetime income for retirement.
“Our research shows that these demographic segments are lesslikely to have a defined benefit pension plan and will have to relyon their own assets to create retirement income,” MatthewDrinkwater, associate managing director, LIMRA Secure RetirementInstitute, said in a statement.
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