As financial markets continue to fluctuate and place retirement portfolios at risk, non-retired Americans are showing a clear desire for guaranteed income in retirement according to a survey by Allianz Life Insurance Company of North America.
When asked to rate several factors that would help ensure a more secure retirement, 86% preferred “having a guaranteed stream of income in retirement,” while 71% chose “having a 401(k)/403(b)/457 plan.” The survey was conducted in September with 1,000 respondents.
