2021 Lifetime Income Survey
Offering Guaranteed Lifetime Income in retirement plans can help employers attract new workers and increase retention rates.
Guaranteed lifetime income is enticing
Almost 6 in 10 of all workers surveyed agree that employers have a responsibility to help employees with financial wellness and providing a way to obtain guaranteed lifetime income for retirement.
73% of employees recognize that owning guaranteed lifetime income offers a sense of financial security. They believe that a guaranteed lifetime income …
Provides spending flexibility
Helps cover essential expenses
Provides security around world volatility
Healthcare and higher education employees have lower retirement confidence and are worried their retirement savings will not last
What you can do
Employers can help improve retirement outcomes by offering guaranteed lifetime income and communicating how it can work in retirement
Take the next step
Help your employees by offering an in-plan guaranteed lifetime income option
Greenwald Research conducted the 2021 TIAA Lifetime Income Survey using an online survey of 1,001 Americans age 27 – 75 living in the United States. The study was fielded between May 12 to May 30, 2021. Data was weighted by gender, education, income, working status, race, and generation.
All guarantees are based on the issuing company’s claims-paying ability.
This material is for informational or educational purposes only and does not constitute investment advice under ERISA. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor’s own objectives and circumstances.