Filling the Void in Guaranteed Retirement Income

Blaine F. Aikin, AIFA®, CFA, CFP®, Executive Chairman of Fi360
John Faustino, AIF®, Chief Product and Strategy Officer at Fi360

March 28, 2017

With the demise of defined benefit plans, questions regarding the viability of Social Security, and the 2008 market downturn still fresh in our minds, US investors are rightly concerned with how they’ll pay for retirement (and more specifically, outliving their assets). The burden to plan for retirement has moved squarely to the shoulders of investors, but only half work with financial advisors or planners. How will the masses prepare? About 80% of US employees have access to a defined contribution plan, 89% of those who work for companies with over 500 employees.

We hope, and believe, evolution of guaranteed income (or guaranteed income ‘like’) investments within defined contribution plans will continue as a means to address this dire need.