Retirees and pre-retirees would rather let someone else be in charge of managing their assets if it means that they'd get what's more important to them: growth in their investments, flexibility in how income is paid out and an income that's guaranteed for life.
So says the results of a new LIMRA Secure Retirement Institute study, which found that the majority of retirees and pre-retirees valued being in the driver's seat less than they valued features that can drive their income.
Asked which products or features they wanted in a retirement plan, 60 percent said they wanted an income that offered the potential for growth of investments.
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