Majority of Plan Sponsors Concerned Future Retirees Will Run Out of Money in Retirement
While the U.S. faces this significant milestone, findings from MetLife’s 2024 Qualifying Longevity Annuity Contract Poll show a vast majority (91%) of plan sponsors are concerned that their future retirees will run out of money in retirement.
- While the U.S. faces this significant milestone, findings from MetLife’s 2024 Qualifying Longevity Annuity Contract Poll show a vast majority (91%) of plan sponsors are concerned that their future retirees will run out of money in retirement.
- When asked about what percentage of future retirees will run out of money in retirement, 83% of plan sponsors believe more than 1 in 4 retirees will deplete their retirement savings prematurely.
- While plan sponsors are concerned about retirees running out of money, the Poll found that many plan sponsors underestimate longevity risk.
- Not only are plan sponsors open to offering these solutions to participants, 70% of plan sponsors say they would consider purchasing a QLAC for their own retirement.