Retirement Income

Retirement Income

As a retirement leader, Voya Financial has a long heritage of retirement income solutions and experience built on actuarial and underwriting expertise. Voya offers a comprehensive suite of retirement income products and services to help individuals to and through retirement, including an in-plan guaranteed income solution available for 401(k) plan participants; a deferred fixed annuity product for retirees; and a retirement income practice management program for ING Financial Partners’ financial advisors.

The ING Lifetime Income Protection program is an institutionally designed and priced target date asset allocation program available for 401(k) participants of small and mid-sized employers. It features guaranteed and non-guaranteed elements that address both the accumulation and the draw down phases of retirement planning. The program helps 401(k) investors build savings while securing a stream of lifetime retirement income guaranteed by multiple leading insurers.

The ING Lifetime Income annuity product is a fixed annuity that offers retirees flexibility, income growth potential and built-in guarantees. The product provides income benefits that step up based on the number of years an individual delays income withdrawals and that are linked to changes in the S&P 500® Index. Alongside this, the product allows flexibility to access funds as an individual’s needs shift in retirement.

Voya Financial, through its broker-dealer, ING Financial Partners, offers a retirement income practice management program that can help financial advisors address important lifetime income planning needs with clients. The program includes seminars, action plans, online tools and a structured framework that financial advisors can follow with their clients.

The company conducted a two-part research effort in June 2013 on the topic of retirement income. The study, Retirement Income Redefined, highlights how important it is for more Americans to continue shifting their thinking from an “accumulation-only” mindset to include effective strategies that address the draw-down phase of retirement. The study underscored some thought-provoking gaps between the perceptions and realities many people may face with respect to their own retirement security.

Videos
Media Highlights
08/06/2013 | Employee Benefits News

Research conducted by ING U.S. underscores the growing role that retirement income planning continues to play in the readiness levels of working Americans. The study, Retirement Income Re...

08/02/2013 | Financial Advisor

Most pre-retirees think they will have enough money to maintain their lifestyle when they retire, but most retirees have found that they don't, according to an ING U.S. survey, Retirement Incom...

08/02/2013 | ThinkAdvisor

Survey results released Thursday by ING U.S. found that pre-retirees may be in for a rude awakening when they stop working. Although just 8% said they expect to have a lower standard of living in r...

Images

Infographic: Much to Learn About Retirement Income

An ING Retirement Research Institute study entitled Retirement Income Redefined found that more Americans know how to change a flat tire than know where their retirement income will come from.

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