Cogent Research has found that no single retirement income product leader has as yet emerged among affluent retirees and pre-retirees.
Today’s affluent pre-retirees and retirees are most interested in managing retirement income through traditional certificate of deposit or bond-laddering strategies implemented by themselves or through advisors, says the Cambridge, Mass. researcher in a new report on this market.
Variable annuities rank second in familiarity and interest, while target payout and absolute return funds earn little interest, they continue.
High expectations among retirees and pre-retirees are a factor in this finding, according to Cogent Principal Christy White. “In theory, pre-retirees love the idea of a guaranteed paycheck, but in reality they are unwilling to give up control of their principal for too long–and certainly not forever.”