Most Americans approaching retirement have considered income generation but lack formal plans, according to LIMRA’s Retirement Income Readiness Report. The report indicates that 88% of pre-retirees have considered retirement income, but only 50% have a plan and just 40% work with financial advisors. The report also highlights strong interest in guaranteed lifetime income, with 74% of pre-retirees wanting to learn more about protected income options. 401(k) Specialist (8/6)