https://retirementplanningscottsdale.com/ Anil Vazirani asks: “Did You Know Guaranteed Income is Tops on Retirees Wishlist?”
Monthly guaranteed income is the most important single trait that aging baby boomers look for in a retirement investment, ranked No. 1 or No. 2 by 41% of participants in the latest annual survey of retirement expectations and preparedness conducted by the Insured Retirement Institute.
But overall retirement confidence is very low. Only 25% of boomers believe they will have enough money in retirement. And many are running out of options to make up for lost time. An estimated 26 million boomers have already turned 65 and the remaining 50 million will do so over the next 10 years.
Seven in ten boomers say they expect Social Security to be a major source of retirement income, compared with only 28% who plan to rely on an employer pension as a significant source of income and 22% who anticipate that their defined contribution retirement plan will provide substantial income.
From an article at: http://www.investmentnews.com/article/20180409/BLOG05/180409941/guaranteed-income-tops-boomers-retirement-wish-list
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