Annuity providers are putting on a full-court press to encourage employers to give serious consideration to incorporating lifetime income solutions to their defined contribution plan participants, either in-plan or as a rollover option.
Last week, for example, TIAA-CREF, the large retirement plan system primarily serving educational institutions, issued its second annual lifetime income survey which, perhaps not surprisingly, found that Americans are woefully ignorant on the subject of annuities.
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