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Annuity Funds Rise Amid Retirement Anxiety | Raleigh News
Retirement anxiety is real—and new hybrid 401(k) funds with built-in annuities are gaining traction, though slowly. With $44 billion now invested, these lifetime-income products still represent less than 1% of the target-date fund market, and only 5% of employers offer them, despite 15% exploring options. Two-thirds of workers fear outliving their savings, especially women—who live longer but are less likely to choose guaranteed income plans. Complexity and fiduciary concerns keep some employers hesitant, while advisors struggle to explain the options. But federal rules and bipartisan bills…
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