Participants’ top investment and financial concerns are tied to inflation and a higher cost of living.
Baby boomers in particular often have a negative reaction to the term “investment risk."1
Most participants prefer in-plan retirement income options that provide greater flexibility versus guaranteed income.
In our latest survey of 583 large DC plan participants across the US, we explored how they think and feel about various aspects about their DC plans, including what keeps them up at night, drivers of investing and savings behavior, language preferences, and retirement income.2
~Female millennialWhen I envision retirement, I picture having the peace of mind that comes from knowing my basic needs are met, and having the freedom to pursue the things I enjoy…
We explored how participants think and feel about various aspects of their DC plans, including what keeps them up at night, drivers of investing and savings behavior, language preferences, and retirement income.
Mid-cap equities offer a compelling yet often overlooked opportunity for defined contribution (DC) plans.
In our research, we found three-quarters of plan participants wanted their plan sponsors to start the retirement income conversation earlier.
Our latest defined contribution research reflects upon the evolving retirement industry today as it faces inflation worries, risk aversion for older generations, and options for flexible retirement income solutions. We connected with 583 DC participants to better understand their preferences for creating retirement income and what features, resources, and approaches to communications resonated across the generations.
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Source for all data: May 2024 online survey by Invesco and Ipsos. Invesco is not affiliated with Ipsos.
This material is for illustrative, informational and educational purposes only and is not to be construed as an offer to buy or sell any financial instruments. Participant quote used with permission.
Diversification does not guarantee a profit or eliminate the risk of loss.
Annuities can be purchased within or outside of qualified retirement plans and traditional IRAs. Annuity benefits and features vary, so an investor should carefully consider whether this product is right for them. Some benefits may incur additional costs. Any guarantee associated with an annuity is subject to the claims-paying ability of the issuing life insurance company.
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