Asked how interested they would be in putting some or allof their retirement plan savings into a guaranteed income option,28 percent say they're very interested and 52 percent are somewhatinterested. (Photo: Shutterstock)
Workers who have defined contribution, not defined benefit,plans are interested in annuities, although some are hesitant.According to an Insurance News Net report, employers sharetheir hesitation.
According to the report, the 2018 Retirement Confidence Surveyfrom the Employee Benefits Research Institute and Greenwald &Associates finds that while 80 percent of plan participants areinterested in putting some or all of their money into annuities,those who are close to retirement or who have already retired, andwho have a pension rather than a 401(k) or other DC plan, aren'tquite so ready to jump in.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
