MarketWatch
Why small amounts saved now can boost retirement income later in life
Did you know that seemingly small differentials in the price points at which investments, annuities and other elements of retirement income strategies can be delivered from within a Defined Contribution (DC) plan can, for certain retirement plan participants, add up over the course of a lengthy retirement to several hundred thousand dollars of additional income, relative to income solutions offered at retail price points? According to a white paper recently released by the Institutional Retirement Income Council (IRIC), self-directed participants in employer-sponsored retirement plans can, in many cases, generate more income and/or higher asset balances by using products and programs offered within their defined-contribution plan than they can by rolling those assets over to a retail account within an IRA.
