Despite adviser apathy, DC annuities have a bright future

Published Updated 2 Min Read

Lifelong income solutions for defined contribution plans are on the way. With defined benefit plans waning and life expectancy waxing, more retirees will need more guaranteed income than Social Security can provide.

“Shrewd money management and market gains alone cannot possibly keep pace with the unprecedented rise in average lifespan,” New York-based consulting firm Strategic Insight asserts in a new report.

Donald Jay Korn

Donald Jay Korn is a contributing writer for Financial Planning in New York.


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