This year more Americans are reaching the traditional retirement age of 65 than any other time in history — known as Peak 65. Americans are also living longer, and an increasing number actually live to 100. Unfortunately, far too many people underestimate how long they are likely to live and, more importantly, just how much they need to save to fund a lengthy retirement.
Our 2024 Qualifying Longevity Annuity Contract Poll reveals insights about the role defined contribution (DC) plan sponsors play to ensure that their plan participants achieve successful retirement outcomes.