The Role of Guaranteed Income in Retirement Income Planning:

Even as Americans spend longer in retirement, few workplace plans incorporate payment options that ensure adequate income throughout retirement, resulting in a “guarantee gap.” With increasing life expectancy alongside the transition of millions of baby boomers into retirement, Americans are increasingly at risk of outliving their savings. The DOL has signaled an interest in promoting guaranteed income options within retirement plans with a recent information letter addressed to TIAA. Understanding the current regulatory landscape around guaranteed income is paramount to the retirement income planning process for financial advisors.


Given the growing “guarantee gap” and a regulatory environment that is signaling greater support for in plan guaranteed income options, it is even more critical for advisors to consider these options in the retirement income planning process. During this session, following a regulatory update, TIAA will provide insights to how in plan guaranteed income options differ from retail annuity products along with strategies for leveraging these options in the planning process. To bring these concepts to life, TIAA will close out the session by reviewing several real life examples to highlight the importance of considering these options when available to a client.