By Financial Advisor–KAREN DEMASTERS
A group of 24 of the largest financial services organizations has come together to create a new organization, the Alliance for Lifetime Income, to educate the public and advisors about the advantages of lifetime income products like annuities, the nonprofit organization announced Thursday.
The organization, based in Washington, D.C., has a website that offers advisors and the public information and resources about funding retirement. The organization has conducted a survey that it says re-underscores the fact that many people in the United States risk running out of money in retirement.
The list of financial service organizations includes LIAM members. Learn more about The Alliance for Lifetime Income.