A new survey by AgeUp finds that people don’t know much about their parents’ finances and are worried they may have to kick in their own funds to sustain them during retirement. This podcast (6:33) takes a look at the MassMutual unit’s re-packaging of deferred income annuities as a solution for this very contemporary worry, noting that DIAs can be a more cost-effective way to guarantee income because of the long lead time for saving and fewer years to cover.
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