BlackRock Survey: Overwhelming demand from workers, employers, and retirees for retirement income
BlackRock, Inc. (BLK)
Last blackrock, inc. earnings: 4/16 06:02 am
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ir.blackrock.com
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Source: Business Wire
Plan sponsors concerned by the impact of COVID-19, though many savers feel they are still on track for retirementConfidence in retirement readiness differs along lines of age group and gender NEW YORK--(BUSINESS WIRE)--A large majority of workers saving for retirement through their employers’ 401(k) plans want options that will help them generate income in retirement, according to the fifth annual DC Pulse Survey from BlackRock (NYSE: BLK).According to the survey, 89% of defined contribution (DC) plan participants are interested in owning a product designed to generate retirement income, and almost 9 in 10 said having guaranteed income in retirement would have a positive impact on their financial well-being. Respondents who were already retired also weighed in – 76% say having secure income in retirement makes a bigger difference than they thought it would. And employers agree, with 96% of plan sponsors indicating that they feel responsible for helping participants generate and/or
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