As retirement plan advisors certainly know, the reduction of defined benefit pension plans and the rise of their defined contribution counterparts means more Americans are more responsible for their income in retirement.
While products and strategies exist to aid workers with accumulation and income, it’s a complicated challenge. Thank goodness Mike De Feo is here to help. De Feo, Head of Defined Contribution Distribution at Allianz Life Insurance Company of North America, says it’s finally time to get excited about in-plan retirement income products, and he joins the Executive Interview to discuss why.
As retirement plan advisors certainly know, the reduction of defined benefit pension plans and the rise of their defined contribution counterparts means more Americans are more responsible for their income in retirement.
While products and strategies exist to aid workers with accumulation and income, it’s a complicated challenge. Thank goodness Mike De Feo is here to help. De Feo, Head of Defined Contribution Distribution at Allianz Life Insurance Company of North America, says it’s finally time to get excited about in-plan retirement income products, and he joins the Executive Interview to discuss why.