Retirement today looks very different than it did a generation ago. As defined contribution plans continue to replace traditional pensions, more retirees are responsible for creating sustainable income that can last a lifetime.
New research from the LIMRA Retirement Income Institute explores how lifetime income strategies can help address longevity risk and potentially increase retirement spending. The analysis finds that retirees may be able to spend approximately 30% more in retirement by allocating to a lifetime income annuity instead of relying solely on portfolio withdrawals.
Download the research to learn:
- Why retirees often spend less than they could in retirement
- How longevity protection can improve retirement outcomes
- The potential spending advantages of lifetime income annuities
- Key considerations for building a sustainable retirement income strategy