Survey Results: Annuities Play Integral Role in Defined Contribution Plan Assets
According to a recent survey, individual and group annuities accounted for 46% of the assets in defined contribution plans. This research was conducted by Conning Research & Consulting from a study called “The Big Payout: Growing Individual Retirement Income Opportunities”. Given that annuities allow defined contribution account owners to convert a portion of their assets to ensure guaranteed lifetime income, it is no surprise that they are a popular choice. Before making a decision on how to best utilize your defined contribution plan for ensuring a comfortable retirement, please be sure to meet with a retirement income specialist for professional guidance on how (or if) annuities will be a good fit for your particular needs. If you have any concerns about outliving your assets, your time in seeking this guidance will certainly be worthwhile.
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