Embracing longer retirements
People are living longer. And we’re also, for the most part, not choosing to put off retirement. More years to enjoy retirement should be a good thing – if we can afford them. From financial security to mental fitness, here’s how guaranteed income can benefit workers as they enter that next chapter. People are living longer. And we’re also, for the most part, not choosing to put off retirement. More years to enjoy retirement should be a good thing – if we can afford them. From financial security to mental fitness, here’s how guaranteed income can benefit workers as they enter that next chapter.
1. Continuous income
Knowing you have guaranteed retirement income you can rely on each month that won’t be affected by market swings can help ease a top financial fear: 64% of workplace savers worry they’ll outlive assets.1
2. Spend more confidently
Retirees often tend to cut back on their spending, often unnecessarily. In fact, on average across all wealth levels, most retirees still have 80% of their pre-retirement savings after almost two decades of retirement.2 Guaranteed income can allow you to budget – and spend – with more confidence.
3. Room to diversify
Having an amount of money you can count on each month may give you more freedom to invest in more wealth-generating opportunities. Our research demonstrates through a case study that guaranteed income, combined with a more aggressive asset allocation, generates 29% more annual spending ability from one’s retirement savings and reduce downside risk by 33%.3
4. Serenity now
Financial insecurity can impact both our finances and our health.4 With 64% of workplace savers worried about outliving their retirement savings, many are looking for greater certainty. In fact, 91% say guaranteed income would help improve their financial confidence.1
5. Ease some pressure off
Research suggests age-related cognitive decline begins to accelerate in late 60's.5 If and when that decline starts to affect financial decisions, guaranteed income for life can offer relief for both you and your loved ones.
6. A savings safeguard
Older Americans reported more than $7.7 billion in fraud losses in 2025, a 59% increase from the prior year.6 Choosing to invest in a fixed automatic income stream can help prevent those without your best interests in mind from being able to make decisions about your money.
