A recent survey by the Insured Retirement Institute found that American workers want guaranteed retirement income, which the report says “bodes well for the inclusion of income-focused annuities in defined contribution plans, as facilitated by the provisions of the Secure Act.”
The survey found that workers are “overwhelmingly in favor of considering retirement investment options that guarantee income for life, yet only about one in five owns an annuity.” These workers, the survey found, “are especially interested in annuity products being made available in defined contribution plans.”
Advisors, however, still voice concerns about annuities. Through the Financial Planning association, we asked advisors about their top annuity worries. Check out their answers in the gallery above.