Prudential’s report outlines considerations for offering Fixed Income Options Within DC Plans.
With the estimated 78 million baby boomers retiring in the next 20 years, it is no surprise that there will be a substantial need for people to have a predictable income source that will keep the economy humming.
As I reviewed the report some questions that came up in my mind:
1) If there were multiple fixed income options offered in DC plans, what would I need to see to determine which option to contribute to besides the return potential, and risk associated with each option, if any?
2) How many years away from retirement would I begin those contributions, and what percentage of my pay?
3) How would either of the above two questions be affected by any Social Security I might receive?
As a DC plan participant, what would you do?