The study also found that 30% of non-retirees indicated that they have a source of guaranteed income in their portfolio to help them meet retirement goals. While 39% said they plan to purchase a guaranteed income product in the future, only 3% view it as a top priority.
“One way that non-retirees – particularly those who are closer to retirement – can manage risks associated with early or unexpected retirement is to add a source of guaranteed retirement income to their strategy," LaVigne said. "Yet, incorporating financial products that offer guaranteed retirement income isn’t top of mind as a potential solution.”
The online survey was completed by 1,000 U.S. adults age 25 or more with annual household incomes of at least $50,000 for single people and $75,000 for couples or investable assets of at least $150,000.