Deferred Annuities as 401k Plan Default?

Annua > News > Industry > 2019-Industry > Deferred Annuities as 401k Plan Default?

The (mostly) pros and cons of including deferred lifetime income annuities as a default in employer-provided 401k plans are investigated in a new research paper from Brookings Economic Studies program

 

By Brian Anderson

Very few defined contribution retirement plans in the U.S. today pay out lifetime income streams, leaving retirees at risk to run out of money in old age. That’s why a highly regarded team of academics are proposing the inclusion of deferred lifetime income annuities (DIAs) as a default in employer-provided 401k plans.

 

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