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Retirees Overlook Annuities for Lifetime Income

Friday, Mar 06 2015

Retirement

Written by PFA News

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In a recent study by TIAA-CREF, 84% of Americans say it’s important to have guaranteed income in retirement, but only 14% of survey respondents say they have purchased an annuity. So reports insurancenewsnet.com.

The study found that 49% of individuals are willing to commit assets to generating monthly income, yet only 28% of individuals have a favorable view of annuities.

Read the full article from insurancenewsnet.com.

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