Americans are living longer and spending more time in retirement. This has left many of us wondering if our retirement money will last and if we will be able to maintain and enjoy the same standard of living throughout our lifetime.
2017: America Is Incredibly Savings Insecure.
Nearly 90% of Americans are not very confident in their overall retirement savings situation.
In fact, 56% of Americans admit they are unsure if their retirement savings will last their lifetime.
Creating this feeling is that less than 1/3 have a retirement plan that guarantees lifetime income.
When seeking information or advice about finances and money, 42% of Americans turn to friends or family members, 41% rely on search engines, like Google, and only 39% ask a financial professional.
Further adding to the stress is that one in five Americans have nothing saved for retirement at all.
More than half of Americans do not have a will.
What Can You Do?
Sharpen your pencils. Let’s work the numbers.
It’s one thing to know the facts about retirement and fixed indexed annuities (FIAs) in general, but quite another to figure out if one is right for your specific circumstances. Use this worksheet to review your retirement plan and see if an FIA should be included.
Confused by the Jargon?
Let’s break down the most commonly used terms associated with annuities and financial planning.
Advice from our Executive Director to help you tackle the changing face of retirement.