U.S. General Accounting Office

Options to Encourage the Preservation of Pension and Retirement Savings: Phase 2

Five Most Effective Types of Information and Education

7.
Among the types of information and education that you rated "at least moderately effective", what would you rank as the five most effective types to help retirees make more optimal decisions?
(Please rank up to the top five for consideration, 1=most effective, 2=second most effective, etc.)
7a.
Annuities-what are they? how do they work?, etc.  
7b.
Available annuity products employers could offer  
7c.
De-emphasize information and education on investing/investments vis-à-vis retirement income needs  
7d.
Helping participants assess needs in retirement (i.e., health, income, etc.,)  
7e.
Helping participants to understand longevity risk (i.e., risk of outliving assets)  
7f.
Helping participants/retirees understand financial risks that they will face in retirement (e.g., inflation, lower standard of living, investment)  
7g.
How guaranteed lifetime income from a participant's retirement plan could enhance government provided retirement income  
7h.
How to compare annuity and lump sum amounts (i.e., how to compare equivalent amounts)  
7i.
How to project potential retirement income from pensions/retirement savings  
7j.
How to take inventory of retirement income sources  
7k.
How various types of retirement saving plans are taxed  
7l.
Improving financial literacy  
7m.
Payout options plans make available to retiring participants (e.g., description and/or value of retirement benefits under available options)  
7n.
Seeking financial "advice," and other resources for retirement income planning  
7o.
Strategies/advice for managing retirement income during retirement (i.e., decumulation)  
7p.
The pricing of annuity products (i.e., administrative fees)  
7q.
The tradeoffs of extending one's working life  
7r.
The value of expected DB and/or DC plan benefits (i.e., what a participant's accumulation is likely to provide)  
7s.
Other information and education (Please describe below.)  
   

 
If you checked "other" (above), please describe. (The textbox will expand to accommodate your response.)

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