"Rethinking Retirement: The Shift from Pensions to Annuities and the American Dream"

Inflation has left many Americans longing for the security of pensions in retirement, as 90% of those with 401(k) plans worry about their ability to withstand financial strains. The shift from pensions to 401(k)s has left many retirees vulnerable, especially with the recent surge in inflation. Annuities are being considered as a potential solution, offering a guaranteed income stream, but with some drawbacks. While annuities can provide stability, they may tie up funds and be complex. However, they are now allowed in defined contribution plans, offering a way to insure income streams and provide peace of mind for retirees.