Our friends at Invesco recently released a voluminous new study exploring 401k plan participant and plan sponsor preferences for generating long-term retirement income.
The research unearthed some rather surprising findings, including that only a very small percentage of 401k participants are confident in their ability to generate a retirement income strategy on their own. And perhaps not so surprisingly, a majority of participants are worried they will run out of money in retirement.
To dive into some of the biggest surprises uncovered in the new research, our 401(k) Specialist Pod(k)ast guest today is Greg Jenkins, Managing Director and Head of Institutional Defined Contribution at Invesco.
• Read the full study, “Show Me the Income,” here.
FOR DEFINED CONTRIBUTION PLAN SPONSOR USE
This material is for informational and educational purposes only. All data based on 2022 Retirement Income Research study. Invesco is not affiliated with Greenwald Research or 401k specialist.
Annuities can be purchased within or outside of qualified retirement plans and traditional IRAs. Annuity benefits and features vary, so an investor should carefully consider whether this product is right for them. Some benefits may incur additional costs. Any guarantee associated with an annuity is subject to the claims-paying ability of the issuing life insurance company. Invesco does not offer Insurance products.
This does not constitute a recommendation of any investment strategy or product for a particular investor. Investors should consult a financial professional before making any investment decisions.
Invesco Advisers, Inc. is an investment adviser; it provides investment advisory services to individual and institutional clients and does not sell securities. Invesco Distributors, Inc. is the US distributor for Invesco’s retail products and private placements. Both are indirect, wholly owned subsidiaries of Invesco Ltd.
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Veteran financial services industry journalist Brian Anderson joined 401(k) Specialist as Managing Editor in January 2019. He has led editorial content for a variety of well-known properties including Insurance Forums, Life Insurance Selling, National Underwriter Life & Health, and Senior Market Advisor. He has always maintained a focus on providing readers with timely, useful information intended to help them build their business.
