The study found that 49% of individuals are willing to commit assets to generating monthly income, yet only 28% of individuals have a favorable view of annuities.
Estimated reading time: 0 minutes, 19 seconds
In a recent study by TIAA-CREF, 84% of Americans say it’s important to have guaranteed income in retirement, but only 14% of survey respondents say they have purchased an annuity. So reports insurancenewsnet.com.
The study found that 49% of individuals are willing to commit assets to generating monthly income, yet only 28% of individuals have a favorable view of annuities.