Employees Want Paychecks for Life: Pros and Cons of Guaranteed Lifetime Income

  • Bjork Group

Bjork Group-Sean Bjork-Guaranteed Lifetime Income

Annuities and similar products may help address retirement readiness in an aging workforce

People are living longer, which means they may need their retirement savings to last decades. As a result, nearly half (48%) of participants are concerned about outliving their retirement savings. Many Americans don’t know how to transform their savings into retirement income.