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Americans’ Top
Retirement Fears
This month, IALC released new data that
explored Americans’ Top Retirement Fears and found Americans may not be
as prepared for retirement as they need to be in today’s volatile market.
More than 50 percent of Americans are afraid of outliving their income or
their inability to pay for basic necessities like healthcare, but are not
changing their financial lives to address their fears, according to a new
survey released by the IALC.
Even with this fear, many are not taking the necessary steps to
prioritize future savings over their current expenses. In fact, a quarter
of Baby Boomers – the age group closest to retirement – have less than
$5,000 saved for retirement and nearly one in five Americans have no idea
how much they’ve saved.
When taking a closer look at exactly what Americans top retirement fears
are, the IALC found they include:
- Outliving their income
(25%)
- Maintaining their current
lifestyle (23%)
- Healthcare expenses (19%)
Want to learn more about what Americans
are most concerned about when it comes to their retirement? Check out the
survey data here.
Get Social and Tweet It: The average retirement lasts more than 30
years—are you prepared? Learn how to have income for life @IALCouncil #fixedindexedannuities
Keep Up on
Retirement News
Want to stay up to date on the latest retirement and
Fixed Indexed Annuity news? Check out IALC’s news widget, which links to
the latest retirement news. To include this widget on your website, you
can find the easy download information here.
To mark Annuity Awareness Month this June, the
Indexed Annuity Leadership Council is debunking the top 12 myths about
FIAs.
Read the full blog here.
While a vacation may last a week or two, retirement
may last upwards of 30 years. Neglecting to plan for a period of your
life that might last nearly three decades, during which you’ll need to
rely on savings, may make your golden years more difficult than you’d
expect.
Read the full blog here.
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Making
The Case For Fixed Index Annuities
Nasdaq
July 6, 2016
Once you get your first job, start contributing to any retirement plans
your new employer offers as soon as possible. Try to contribute at
least enough to receive the full employer match if one is offered.
Read More ...
The
Fixed Annuity: It's Like Buying a Pension
The Motley Fool
July 3, 2016
In the old days, many people looked forward to pension income in
retirement, but few private-sector companies offer pensions any more.
Thus, most of us need to rely on ourselves more than ever to provide
for our retirements.
There's a good chance you're not an annuitant with guaranteed pension
income coming to you. If that's true, and you're wishing you could
enjoy a fixed income stream in retirement, look into annuities.
Investing in certain types of annuities is a lot like buying yourself a
pension. It will send checks regularly your way -- for the duration of
the contract or the duration of your life.
Read More ...
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Estimate your retirement living expenses or calculate your
rate of return using these tools.
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