Wednesday, February 20, 2008

 

New Generation of Retirement Products Provides Income to Last a Lifetime

Retirees who rely solely on target date funds to provide lifetime income may outlive their money, according to research and analysis from Ernst & Young. The research demonstrates a need for products that provide guaranteed income streams—enough to last for 20 to 30, or even more, years in retirement, according to a report about that research released today by Prudential Financial, Inc.

New Generation of Retirement Products Provides Income to Last a Lifetime
Source: Business Wire

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